I G Petrochemicals Stock Sees 7.19% Increase, Outperforms Sector and Market

I G Petrochemicals, a smallcap company in the chemicals industry, saw a 7.19% increase in its stock price on November 25th, 2024. This rise was in line with the overall performance of the sector, as the company outperformed it by 5.97%.

The stock has been on a consecutive gain streak for the past two days, with a total increase of 9.15% during this period. On the day of the price increase, the stock reached an intraday high of Rs 575, which is an 8.32% increase from its previous closing price.

In terms of moving averages, I G Petrochemicals is currently trading higher than its 5-day, 20-day, and 200-day moving averages. However, it is trading lower than its 50-day and 100-day moving averages.

In comparison to the overall market performance, I G Petrochemicals has outperformed the Sensex by 5.12% in the past day and 6.30% in the past month.

MarketsMOJO has given a 'Hold' call for the stock, indicating a neutral stance. This recommendation is based on the fact that the stock has been performing well in the short term, but its long-term performance is uncertain.

Overall, I G Petrochemicals has shown a strong performance in the past few days, but investors should carefully consider their options before making any decisions.