KG Petrochem Hits New 52-Week High Amid Strong Market Performance

Dec 26 2024 10:05 AM IST
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KG Petrochem has been added to MarketsMojo's list following a revision in its score, reflecting its robust performance in the textile industry. The stock recently reached a new 52-week high, outperforming its sector and demonstrating significant annual returns, further solidifying its strong market position.
KG Petrochem, a microcap player in the textile industry, has recently reached a new milestone, hitting a 52-week high of Rs. 302 on December 26, 2024. This achievement comes as the stock has demonstrated impressive performance, outperforming its sector by 4.72% today alone. Over the past ten days, KG Petrochem has shown a remarkable upward trend, with returns soaring by 37.23%.

The stock opened with a notable gain of 4.22% and peaked at an intraday high of Rs. 302, reflecting a 4.93% increase. Trading activity has remained stable, with the stock fluctuating within a narrow range of Rs. 2.05. Additionally, KG Petrochem is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trajectory.

In terms of annual performance, KG Petrochem has achieved a remarkable 46.20% increase over the past year, significantly outpacing the Sensex, which recorded a growth of 10.32%. This performance underscores KG Petrochem's robust market position within the textile sector.
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