KG Petrochem Hits New 52-Week High, Outperforming Sector with 39.83% Annual Gain

KG Petrochem, a microcap player in the textile industry, has recently reached a new milestone, hitting a 52-week high of Rs. 288.75 on December 24, 2024. This achievement comes as the stock has demonstrated strong performance, outperforming its sector by 5.14% on the same day. The stock has shown remarkable resilience, gaining consecutively for the past nine days, resulting in a substantial increase of 31.25% during this period. Opening with a notable gain of 5% today, KG Petrochem reached an intraday high of Rs. 288.75, reflecting positive market sentiment. In terms of technical indicators, KG Petrochem is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Over the past year, the company has delivered an impressive return of 39.83%, significantly outpacing the Sensex, which has recorded a performance of 10.66%. This performance highlights KG Petrochem's position within the textile sector and its ability to navigate market challenges effectively.