Manali Petrochemicals' Stock Price Soars to New 52-Week High, MarketsMOJO Gives 'Hold' Call

Manali Petrochemicals, a smallcap company in the petrochemical industry, saw a significant increase in its stock price on June 19, 2024. The stock gained 7.81%, closing at Rs. 95.84, which is also its new 52-week high. This positive performance has led MarketsMOJO to give a 'Hold' call for the stock.

The stock opened with a gain of 2.31% and continued to rise throughout the day, touching an intraday high of Rs. 95.84, outperforming the sector by 7.14%. Manali Petrochemicals is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In comparison to the Sensex, Manali Petrochemicals has outperformed with a 1-day performance of 7.87% while the Sensex showed a slight decline of -0.02%. Over the past month, the stock has shown a strong growth of 22.82%, while the Sensex has grown by 4.43%.

Manali Petrochemicals has been making steady progress in the petrochemical industry and this recent surge in stock price is a reflection of its strong performance. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this smallcap company as it continues to show promising growth.