Neogen Chemicals reaches all-time high, outperforms sector in recent trading

Neogen Chemicals, a midcap company in the chemical industry, has recently reached an all-time high in its stock price on September 20, 2024. The stock has been performing well, with a 1% increase from its 52-week high of Rs 2230. This positive trend has been noticed by MarketsMOJO, who have given a 'Hold' call for the stock.

In today's trading, Neogen Chemicals has outperformed the sector by 0.72%, showing its strength in the market. The stock has also been on a consecutive gain for the past 5 days, with a remarkable 43.97% increase in returns during this period. However, it did touch an intraday low of Rs 2083.2, a decrease of 4.5%.

Neogen Chemicals is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance. In comparison to the Sensex, Neogen Chemicals has shown a 24.49% increase in the past year, slightly lower than the Sensex's performance of 26.00%.

With its consistent growth and positive performance, Neogen Chemicals is proving to be a strong player in the chemical industry. Investors may want to keep an eye on this midcap company as it continues to make strides in the market.