Gandhar Oil Refinery (India) Ltd sees 7.2% stock price increase, outperforms sector and Sensex

Gandhar Oil Refinery (India) Ltd, a smallcap company in the oil exploration and refineries industry, has seen a 7.2% increase in its stock price on August 7th, 2024. This rise in stock price has been attributed to the company's strong performance in the market.

According to MarketsMOJO, a leading financial analysis platform, the stock of Gandhar Oil Refinery (India) Ltd has been given a 'Hold' rating. This indicates that the stock is expected to perform steadily in the near future.

In terms of price performance, the stock has outperformed the sector by 3.92% on the day of August 7th. It has also shown consecutive gains for the last two days, with a 6.94% increase in returns during this period. The stock also reached an intraday high of Rs 218.3, showing a high level of volatility with an intraday volatility of 5.66%.

In terms of moving averages, the stock is currently higher than the 5-day, 20-day, 50-day, and 100-day moving averages. However, it is lower than the 200-day moving average.

Compared to the performance of the Sensex, the stock of Gandhar Oil Refinery (India) Ltd has shown a 1-day performance of 6.51% while the Sensex has only shown a 0.79% performance. In the last month, the stock has also outperformed the Sensex with a 0.60% performance compared to the Sensex's -0.97% performance.

Overall, Gandhar Oil Refinery (India) Ltd has shown a strong performance in the market, with a steady increase in stock price and outperforming the sector and Sensex. Investors can keep a 'Hold' position on the stock, as suggested by MarketsMOJO.