Tuticorin Alkali Chemicals Surges 15.74%, Outperforming Sector Amid High Volatility

Dec 30 2024 09:50 AM IST
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Tuticorin Alkali Chemicals & Fertilizers has seen a revision in its score following a significant performance rebound, with the stock gaining notably after a period of decline. The company has been added to MarketsMojo's list, reflecting its improved market position and positive trends across various moving averages.
Tuticorin Alkali Chemicals & Fertilizers has recently demonstrated notable performance in the stock market, gaining 15.74% on December 30, 2024. This surge allowed the company to outperform its sector by 16.24%, marking a significant turnaround after six consecutive days of decline. The stock reached an intraday high of Rs 102, reflecting a robust increase of 20.78% during the trading session.

The volatility of the stock was pronounced, with an intraday volatility rate of 10.21%, indicating fluctuating trading conditions. Additionally, Tuticorin Alkali is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong short-term performance relative to longer-term trends.

In terms of broader market performance, Tuticorin Alkali Chemicals & Fertilizers recorded a 1-day gain of 14.73%, contrasting sharply with the Sensex, which experienced a slight decline of 0.28%. Over the past month, the company has maintained a positive trajectory, with a 2.65% increase compared to a 1.65% drop in the Sensex.
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