S H Kelkar & Company Ltd's Stock Surges 9.12%, Outperforms Sector and Sensex

S H Kelkar & Company Ltd, a smallcap company in the chemicals industry, saw a significant increase in its stock price on August 14th, 2024. The stock gained 9.12%, outperforming the sector by 9.01%. This positive trend comes after two consecutive days of falling stock prices.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current call for S H Kelkar & Company's stock is 'Hold'. This recommendation is based on the company's performance and market trends.

On the day of the stock's surge, it reached an intraday high of Rs 199.95, which is a 9.2% increase from its previous closing price. Additionally, S H Kelkar & Co. is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a positive trend in the company's stock performance.

In comparison to the overall market performance, S H Kelkar & Company Ltd has outperformed the Sensex by 10.05% in just one day. In the past month, the company's stock has also shown a positive trend, with a 5.39% increase, while the Sensex has seen a decline of -1.72%.

As a smallcap company in the chemicals industry, S H Kelkar & Company Ltd has shown promising growth in its stock performance. With a 'Hold' recommendation from MarketsMOJO and a strong performance in the market, investors may want to keep an eye on this company for potential future growth.