Neogen Chemicals' Stock Shows Positive Trend, Outperforms Sector and Market

Neogen Chemicals, a midcap company in the chemicals industry, saw a positive trend in its stock performance on October 30th, 2024. The stock gained 5.15% and closed at Rs 2125.25, outperforming the sector by 4.23%. This was also reflected in the intraday high of Rs 2125.25, which was 5.84% higher than the previous day's closing. According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for Neogen Chemicals' stock is 'Hold'. This is based on the company's recent performance and market trends. In terms of moving averages, Neogen Chemicals is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend in the stock's performance and suggests a potential for further growth. On the same day, Neogen Chemicals' 1-day performance was 4.59%, while the Sensex's performance was -0.27%. Similarly, the company's 1-month performance was 1.34%, while the Sensex's performance was -4.92%. This shows that Neogen Chemicals has been performing better than the overall market in both the short and long term. Overall, Neogen Chemicals' stock has shown a positive trend and has outperformed the sector and market in terms of performance. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this midcap company in the chemicals industry.