Supreme Petrochem's Stock Rebounds Amid Broader Market Gains and Increased Volatility

Apr 23 2025 02:50 PM IST
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Supreme Petrochem experienced notable trading activity on April 23, 2025, reversing a three-day decline with a significant intraday high. The stock demonstrated considerable volatility, while its current price surpassed several moving averages, indicating mixed long-term trends. The broader market also showed positive movement, particularly among mid-cap stocks.
Supreme Petrochem has shown significant activity today, gaining 6.4% as of April 23, 2025. This performance marks a notable trend reversal after three consecutive days of decline. The stock reached an intraday high of Rs 650.95, reflecting a 7.42% increase at its peak.

In terms of volatility, Supreme Petrochem experienced an intraday fluctuation of 6.69%, indicating a highly dynamic trading environment. The stock's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average, suggesting mixed signals in its longer-term trend.

In the broader market context, the BSE Sensex opened higher at 80,142.09, gaining 546.50 points (0.69%), and is currently trading at 80,046.73. Mid-cap stocks are leading the market, with the BSE Mid Cap index up by 0.71%. Supreme Petrochem's one-day performance of 5.92% outpaced the Sensex's 0.56% gain, highlighting its relative strength in today's trading session.
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