Pasupati Acrylon's Stock Reaches All-Time High, Outperforms Sector by 1.67%

Pasupati Acrylon, a microcap company in the textile industry, has been making headlines in the stock market recently. On September 10, 2024, the company's stock price reached an all-time high, causing a buzz among investors and analysts.

According to MarketsMOJO, a leading stock market analysis platform, the current recommendation for Pasupati Acrylon's stock is 'Hold'. However, the company's performance today has outperformed the sector by 1.67%, indicating a positive trend.

The stock has been on a consecutive gain for the last two days, with a 12.11% increase in returns during this period. It also touched an intraday high of Rs 56.5, showing a 2.73% increase.

Pasupati Acrylon's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

In the past year, Pasupati Acrylon has shown a remarkable performance with a 55.74% increase in its stock price, while the Sensex has only seen a 22.93% growth. This showcases the company's strong potential and growth in the textile industry.

With its recent surge in stock price and positive performance, Pasupati Acrylon is definitely a company to watch out for in the microcap segment.