Gujarat Alkalies & Chemicals Stock Shows Positive Trend, Outperforms Sector and Sensex

Gujarat Alkalies & Chemicals, a midcap company in the chemical industry, has seen a positive trend in its stock performance. On September 10th, 2024, the company's stock gained 5.63%, closing at Rs 854.2. This is just 1.8% away from its 52-week high of Rs 869.6.

According to MarketsMOJO, a leading stock market analysis platform, the current stock call for Gujarat Alkalies & Chemicals is 'Hold'. The stock has also outperformed the sector by 3.77% and has been on a consecutive gain for the last 3 days, with a 8.99% increase in returns during this period.

Intraday, the stock touched a high of Rs 854.2, showing a 4.48% increase. Additionally, Gujarat Alkalies is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock performance.

Compared to the Sensex, Gujarat Alkalies & Chemicals has shown a 1-day performance of 5.19%, while the Sensex has shown a -0.07% performance. In the last month, the company's stock has seen a 15.63% increase, while the Sensex has only seen a 2.26% increase.

Overall, Gujarat Alkalies & Chemicals has shown a strong performance in the stock market, with a positive trend and outperforming the sector. Investors may want to consider holding onto their shares for now, as suggested by MarketsMOJO.