Pidilite Industries' Stock Surges 3.22%, Hits New High Amidst Strong FMCG Growth

Aug 08 2024 09:35 AM IST
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On August 8th, 2024, Pidilite Industries, a leading FMCG company, saw a 3.22% increase in its stock price, outperforming the sector by 3.01%. This marks the second consecutive day of gains, with a total increase of 6.51% in the past two days. The stock has also hit a new 52-week and all-time high, showing strong growth potential.

Pidilite Industries, a leading FMCG company, has seen a positive surge in its stock price on August 8th, 2024. The company's stock has gained 3.22%, outperforming the sector by 3.01%. This marks the second consecutive day of gains for Pidilite Industries, with a total increase of 6.51% in the past two days.

The stock has also hit a new 52-week and all-time high of Rs. 3260, showing strong growth potential for the company. This has caught the attention of MarketsMOJO, who have given a 'Buy' call for Pidilite Industries.

Intraday trading saw the stock reach a high of Rs. 3260, a 3.37% increase from the previous day. Pidilite Industries is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend for the company.

In comparison to the Sensex, Pidilite Industries has outperformed with a 1-day performance of 3.72% versus the Sensex's -0.23%. In the past month, the company has also shown a strong performance of 6.63% compared to the Sensex's -0.85%.

With its consistent growth and positive performance, Pidilite Industries is proving to be a strong player in the FMCG industry. Investors can look forward to potential gains with this company in the future.
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