Gujchem Distillers India Hits 52-Week High, Outperforms Market with 739.44% Growth

Oct 04 2024 10:35 AM IST
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Gujchem Distillers India, a microcap company in the chemicals industry, has hit a 52-week high on October 4th, 2024. The stock has been performing well, with a 2% gain and an intraday high of Rs. 540.6. It has been on a consecutive gain for 8 days and is currently trading above its moving averages, showcasing a positive trend.

Gujchem Distillers India, a microcap company in the chemicals industry, has recently hit a 52-week high on October 4th, 2024. The stock has been performing well in the market, with a 'Sell' call by MarketsMOJO.

The stock opened today with a gain of 2% and touched an intraday high of Rs. 540.6, outperforming the sector by 2.65%. It has been on a consecutive gain for the last 8 days and has seen a rise of 29.95% in this period. The stock has been trading at a steady price of Rs. 540.6 since its opening.

Gujchem Distillers India is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market.

In the past year, the company has shown a remarkable performance with a 739.44% increase, while the Sensex has only seen a 26.41% growth. This showcases the strong potential of Gujchem Distillers India in the market.

As a microcap company in the chemicals industry, Gujchem Distillers India has been able to achieve a significant growth rate and outperform the market. Investors should keep an eye on this stock as it continues to show promising results.
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