Tuticorin Alkali Chemicals & Fertilizers Ltd sees 7.51% stock price increase, outperforming sector and Sensex

Tuticorin Alkali Chemicals & Fertilizers Ltd, a smallcap company in the chemicals industry, saw a 7.51% increase in its stock price on August 20, 2024. This outperformed the sector by 8.08%, indicating a positive trend for the company.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating. However, the stock has been gaining for the last three days and has risen by 10.43% in that period. This shows a strong performance by the company in recent days.

On August 20, the stock reached an intraday high of Rs 88.98, which is an 8.7% increase from the previous day. The stock's moving averages are also positive, with it being higher than the 5-day, 20-day, 50-day, and 100-day moving averages. However, it is still lower than the 200-day moving average.

In comparison to the Sensex, Tuticorin Alkali Chemicals & Fertilizers Ltd has performed significantly better in the past day and month, with a 7.50% and 3.17% increase respectively, while the Sensex only saw a 0.60% and 0.37% increase in the same time periods.

Overall, Tuticorin Alkali Chemicals & Fertilizers Ltd has shown a strong performance in the past few days, outperforming the sector and the Sensex. Investors may want to keep an eye on this smallcap company in the chemicals industry as it continues to show positive growth.