Mangalore Chemicals & Fertilizers Achieves 52-Week High Amid Market Volatility

Mangalore Chemicals & Fertilizers has made headlines today as its stock price reached a new 52-week high of Rs. 262.15. This milestone reflects a significant upward trend for the small-cap company within the fertilizers industry. Over the past two days, the stock has shown a consistent performance, gaining 1.88% and outperforming its sector by 0.42%.
In terms of moving averages, Mangalore Chemicals & Fertilizers is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short- to long-term performance trajectory. Over the past year, the stock has delivered impressive returns of 143.55%, significantly outpacing the Sensex, which has only seen an 8.12% increase during the same period.

Despite the overall market sentiment, with the Sensex experiencing a decline of 516.76 points today, Mangalore Chemicals & Fertilizers stands out as a resilient performer in the small-cap segment, which has shown a slight gain of 0.05%. The stock's 52-week low was recorded at Rs. 95.1, highlighting its remarkable recovery and growth over the past year.