Indo Amines Stock Sees 7.4% Increase, Outperforms Sector and Market

Indo Amines, a smallcap company in the chemicals industry, saw a 7.4% increase in its stock price on August 14, 2024. This positive movement was reflected in the stock call given by MarketsMOJO, which advised investors to hold onto their shares.

The stock outperformed the sector by 4.98% and showed a trend reversal after two consecutive days of falling. It reached an intraday high of Rs 164.7, a 4.6% increase, and a low of Rs 154.3, a 2% decrease.

Indo Amines is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In comparison to the overall market performance, Indo Amines showed a 1-day performance of 7.34% while the Sensex only had a 0.13% increase. Over the past month, Indo Amines has outperformed the Sensex with a 27.64% increase compared to the market's -1.81% decrease.

Overall, Indo Amines has shown a strong performance in the stock market, with a positive trend and outperforming the sector and market. Investors are advised to hold onto their shares and keep an eye on the company's future performance.