Mangalore Chemicals & Fertilizers Shows Strong Market Performance Amid Sector Growth

Jan 21 2025 02:30 PM IST
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Mangalore Chemicals & Fertilizers has shown notable market activity, reaching an intraday high and opening with gains. The stock is nearing its 52-week high and has outperformed its sector significantly. It is trading above key moving averages, reflecting a strong upward trend and impressive annual performance compared to the Sensex.
Mangalore Chemicals & Fertilizers has demonstrated significant activity today, achieving an intraday high of Rs 178.8, which marks a rise of 4.78% during the session. The stock opened with a gain of 2.52% and is currently just 1.18% away from its 52-week high of Rs 180.

In terms of market performance, Mangalore Chemicals & Fertilizers outperformed its sector by 4.62%, highlighting its strong position within the fertilizers industry. The stock is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust upward trend. Over the past year, the stock has delivered an impressive performance of 32.75%, significantly outpacing the Sensex's growth of 6.82%. This performance underscores the company's strong market dynamics and position within its sector.
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