India Gelatine & Chemicals Ltd's Stock Hits All-Time High, Outperforms Sector and Sensex

Mar 11 2024 09:35 AM IST
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India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, has seen a remarkable 24.61% increase in returns in the past 9 days, outperforming the sector by 8.57%. Its stock price hit a 52-week high of Rs. 469 on March 11, 2024, catching the attention of investors and analysts. The company's strong performance and potential for growth make it a company to watch out for in the chemicals industry.


India Gelatine & Chemicals Ltd, a microcap company in the chemicals industry, has been making waves in the stock market with its recent performance. On March 11, 2024, the company's stock price hit a 52-week high of Rs. 469, which is also an all-time high for the company. This has caught the attention of investors and analysts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been on a winning streak for the past 9 days, outperforming the sector by 8.57%. In this period, it has seen a remarkable 24.61% increase in returns. Today, the stock opened with a gain of 2.17% and touched an intraday high of Rs. 469, showing a strong upward trend.

India Gelatine & Chemicals Ltd's performance is also reflected in its moving averages, as it is currently trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive sentiment among investors and a strong potential for future growth.

In comparison to the Sensex, India Gelatine & Chemicals Ltd has shown an impressive 1-year performance of 100.21%, while the Sensex has only seen a 25.21% increase. This further highlights the company's strong performance and potential for growth.

With its recent surge in stock price and positive performance, India Gelatine & Chemicals Ltd is definitely a company to watch out for in the chemicals industry. Investors can consider adding this microcap company to their portfolio for potential long-term gains.
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