I G Petrochemicals' Stock Surges 12.53%, Outperforms Sector by 13.88%

I G Petrochemicals, a smallcap company in the chemicals industry, has seen a significant increase in its stock price on August 20, 2024. The stock has gained 12.53% and is currently trading at a new 52-week high of Rs. 715. This performance has outperformed the sector by 13.88%, making it a top performer in the industry.

The stock has been on a consecutive rise for the past two days, with a total gain of 15.89% during this period. It also reached an intraday high of Rs. 715, showing a high level of volatility with an intraday volatility of 11.04%. This volatility is calculated from the weighted average price.

I G Petrochemicals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, I G Petrochemicals has outperformed with a 1-day performance of 14.50% versus the Sensex's 0.55%. Similarly, in the past month, the stock has shown a strong performance of 20.68% compared to the Sensex's 0.33%.

MarketsMOJO has given a 'Hold' call for I G Petrochemicals, suggesting that investors hold onto their current positions in the stock. With its recent surge in stock price and positive performance, I G Petrochemicals is definitely a company to watch in the chemicals industry.