Paramount Cosmetics (India) Ltd Hits 52-Week High, Outperforms FMCG Sector

Paramount Cosmetics (India) Ltd, a microcap company in the fast-moving consumer goods (FMCG) industry, has recently reached a new milestone in its stock performance. On September 11, 2024, the company's stock price hit a 52-week high of Rs. 66, according to data from MarketsMOJO.

Despite the positive news, MarketsMOJO has given a "Sell" call for the stock. However, the stock has outperformed the sector by 4.28% and has been on a consecutive gain for the last two days, with a 26.04% increase in returns during this period. The stock also opened with a significant gain of 15.77% today and touched an intraday high of Rs. 66.

The stock has shown high volatility today, with an intraday volatility of 6.88%, calculated from the weighted average price. However, Paramount Cosmetics (India) Ltd is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex performance, Paramount Cosmetics (India) Ltd has shown a 19.17% increase in the last year, while the Sensex has performed slightly better with a 21.92% increase. This showcases the company's steady growth in the FMCG industry.

Overall, Paramount Cosmetics (India) Ltd has shown promising performance in the stock market, reaching a new 52-week high and outperforming the sector. Investors should keep an eye on the company's future developments and performance.