SPIC's Stock Price Soars 8.12% on Strong Fertilizer Industry Performance

Feb 05 2024 09:35 AM IST
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SPIC's stock price has risen by 8.12% on February 5th, 2024, reaching a new 52-week and all-time high of Rs.107.45. The company's strong performance in the fertilizers industry has been attributed to this increase. With a 'Hold' call from MarketsMojo and outperforming the sector by 8.84%, SPIC's stock is worth considering for potential investors.

Southern Petrochemical Industries Corporation (SPIC) has seen a significant increase in its stock price, gaining 8.12% on February 5th, 2024. This rise in stock price has been attributed to the company's strong performance in the fertilizers industry.

According to MarketsMOJO, a leading stock market analysis platform, the current stock call for SPIC is 'Hold'. The company's stock has also reached a new 52-week and all-time high of Rs.107.45 on the same day. This is a positive sign for investors and reflects the company's growth potential.

In today's trading, SPIC has outperformed the sector by 8.84%, indicating a strong market position. The stock has been on a consecutive gain for the last 4 days, with a total return of 27.55% in this period. Additionally, the stock opened with a gain of 3.15% today and reached an intraday high of Rs.107.45, showing a 8.92% increase.

SPIC's performance is also reflected in its moving averages, as the stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In comparison to the overall market performance, SPIC has outperformed the Sensex by 7.42% in the last 1 day and 28.14% in the last 1 month. This further highlights the company's strong performance and potential for growth.

Overall, Southern Petrochemical Industries Corporation has shown a strong performance in the fertilizers industry, reflected in its stock price and market position. With a 'Hold' call from MarketsMOJO, the company's stock is worth keeping an eye on for potential investors.
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