Supreme Petrochem's Stock Soars, Outperforms Sector and Market Averages
Supreme Petrochem, a midcap chemical company, has been in the spotlight for its impressive stock performance. On August 13, 2024, the stock gained 5.14%, outperforming the sector by 6.45%. It has also consistently risen for the past three days, with a significant gain of 10.94% today. The company has also outperformed the overall market and has received a 'Strong Buy' call from leading stock analysis platform, MarketsMojo.
Supreme Petrochem, a midcap chemical company, has been making headlines in the stock market with its recent performance. On August 13, 2024, the company's stock gained 5.14%, outperforming the sector by 6.45%. This positive trend has been consistent for the past three days, with the stock rising 7.35% in that period.
The stock opened with a significant gain of 10.94% today, reaching an intraday high of Rs 923.45. It has also been highly volatile, with an intraday volatility of 6.87%. This shows the strong interest and activity surrounding the stock.
Supreme Petrochem's performance has been impressive, as it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong upward trend for the company.
In comparison to the overall market performance, Supreme Petrochem has outperformed the Sensex by 5.38% in the past day and 1.52% in the past month. This is a significant achievement for a midcap company in the chemical industry.
MarketsMOJO, a leading stock analysis platform, has given a 'Strong Buy' call for Supreme Petrochem's stock. The company has also been listed as part of MOJO Stocks on MarketsMOJO since August 12, 2024.
With its consistent positive performance and strong market interest, Supreme Petrochem is definitely a stock to watch out for in the chemical industry. Investors can consider adding it to their portfolio for potential growth and returns.
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