Tijaria Polypipes Surges 68.88% in 18 Days, Outperforming Sector by 2.54%

Tijaria Polypipes, a microcap company in the plastic products industry, has been making headlines with its recent surge in stock price. On April 29, 2024, the company's stock hit a 52-week high of Rs. 21.11, outperforming the sector by 2.54%. This marks the 18th consecutive day of gains for the stock, with a total increase of 68.88% during this period.

The stock opened with a gap up of 4.97% and has since maintained its price at Rs. 21.11. Tijaria Polypipes 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 in the stock's performance.

In comparison to the Sensex, Tijaria Polypipes has shown an impressive 1-year performance of 302.10%, while the Sensex has only gained 21.35%. This showcases the company's strong growth and potential in the market.

While the reasons behind the recent surge in stock price are not mentioned, it is clear that Tijaria Polypipes is making significant strides in the plastic products industry. Investors may want to keep an eye on this microcap company as it continues to outperform the sector and show promising growth.