Supreme Petrochem Hits All-Time High and Shows Strong Growth in Chemicals Industry

Supreme Petrochem, a midcap company in the chemicals industry, has recently hit an all-time high price of Rs.663.6 on February 16, 2024. This has been a consecutive gain for the stock, which has been rising for the past two days and has seen a 9.36% increase in returns during this period. The stock has also outperformed the sector by 3.57% today.

According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Supreme Petrochem is 'Hold'. This is based on the company's performance and market trends.

In terms of moving averages, Supreme Petrochem 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 stock and reflects the company's strong performance in the market.

In the past year, Supreme Petrochem has shown a remarkable growth of 76.32%, outperforming the Sensex's performance of 18.02%. This further highlights the company's strong position in the market and its potential for future growth.

Overall, Supreme Petrochem's recent all-time high price and consistent growth in the past year make it a promising player in the chemicals industry. With a 'Hold' call from MarketsMOJO and positive market trends, the company is definitely one to watch out for.