Styrenix Performance Materials Shows Notable Rebound Amid Broader Market Trends

Jan 29 2025 03:05 PM IST
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Styrenix Performance Materials rebounded significantly on January 29, 2025, after eight days of decline, outperforming its sector. The stock is currently above its 5-day and 200-day moving averages, with a notable dividend yield of 4.36%. However, it has seen a decline over the past month.
Styrenix Performance Materials has shown a significant rebound today, gaining 7.33% on January 29, 2025. This performance marks a notable trend reversal after eight consecutive days of decline. The stock reached an intraday high of Rs 2624.65, reflecting a 6.91% increase at its peak.

In comparison to the broader market, Styrenix outperformed its sector, which saw a gain of 3.46%. The small-cap company is currently positioned above its 5-day and 200-day moving averages, although it remains below its 20-day, 50-day, and 100-day moving averages.

Additionally, Styrenix Performance Materials boasts a high dividend yield of 4.36%, making it an attractive option for income-focused investors. Over the past month, the stock has experienced a decline of 9.69%, contrasting with the Sensex's decrease of 2.83%. Overall, today's performance highlights a positive shift for Styrenix within the plastic products industry.
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