Pasupati Acrylon Ltd Achieves 22.37% Monthly Surge Amid Strong Buying Activity

Pasupati Acrylon Ltd, a microcap player in the petrochemicals industry, is witnessing significant buying activity, with the stock gaining 2.42% today. This performance notably outpaces the Sensex, which has only increased by 0.16% on the same day. Over the past week, Pasupati Acrylon has surged by 13.15%, compared to the Sensex's modest 2.06% rise.
In the last month, the stock has shown a remarkable increase of 22.37%, while the Sensex has only managed a 2.81% gain. Year-to-date, Pasupati Acrylon has risen by 24.66%, significantly outperforming the Sensex's 7.17% increase. Over a longer horizon, the stock has delivered a staggering 513.85% return over the past five years, compared to the Sensex's 136.46%.

The stock has been on a positive trajectory, with consecutive gains over the last two days, accumulating a total return of 7.53%. Today, it reached an intraday high of Rs 55.86. Additionally, Pasupati Acrylon is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The buying pressure may be attributed to favorable market conditions and positive sentiment surrounding the petrochemicals sector.