Neogen Chemicals' Stock Price Surges 8.11%, Outperforms Sector by 8.13%

Oct 28 2024 03:35 PM IST
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On October 28, 2024, Neogen Chemicals, a midcap company in the chemicals industry, saw a significant increase in its stock price, outperforming the sector by 8.13%. Despite high volatility, the stock's moving averages are all higher than its 5-day, 50-day, 100-day, and 200-day averages. It has also outperformed the market in the past day and month. MarketsMojo has given a 'Hold' call for the stock, indicating a neutral stance for investors.

Neogen Chemicals, a midcap company in the chemicals industry, saw a significant increase in its stock price on October 28, 2024. The stock gained 8.11%, outperforming the sector by 8.13%. This surge in stock price was driven by an intraday high of Rs 2046.35, which is an 8.86% increase from the previous day's closing price.

The stock has been highly volatile today, with an intraday volatility of 6.88%, calculated from the weighted average price. Despite this volatility, Neogen Chemicals' moving averages are all higher than its 5-day, 50-day, 100-day, and 200-day moving averages. However, it is lower than the 20-day moving average.

In comparison to the overall market performance, Neogen Chemicals has outperformed the Sensex by 7.99% in the past day and -5.70% in the past month. This indicates a strong performance by the company, despite the market's overall decline.

MarketsMOJO has given a 'Hold' call for Neogen Chemicals' stock, suggesting a neutral stance for investors. This recommendation is based on the company's current performance and does not mention any future potential or expert opinions. With this recent surge in stock price, Neogen Chemicals continues to showcase its strength in the chemicals industry as a midcap company.
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