I G Petrochemicals' Stock Performance Soars, Outperforms Sector and Market

I G Petrochemicals, a smallcap company in the chemicals industry, has seen a positive trend in its stock performance. On June 20th, 2024, the company's stock gained 7.73%, outperforming the sector by 2.89%. The stock also hit a new 52-week high of Rs.617.7 on the same day.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the current call for I G Petrochemicals' stock is 'Hold'. This is based on the company's performance and market trends.

In terms of moving averages, I G Petrochemicals is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the company's stock performance.

The chemicals sector as a whole has also seen a gain of 2.29%, further highlighting the positive trend in the industry.

In comparison to the overall market performance, I G Petrochemicals has outperformed the Sensex by 6.36% in the past day and 24.33% in the past month. This shows a strong performance by the company, despite the market's overall performance being relatively lower.

Overall, I G Petrochemicals has shown a positive trend in its stock performance, with a new 52-week high and outperforming the sector and market. Investors may want to keep an eye on this smallcap company in the chemicals industry.