Tuticorin Alkali's Stock Performance Outperforms Sector, But Faces Downward Trend

Aug 07 2024 09:40 AM IST
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Tuticorin Alkali Chemicals & Fertilizers Ltd, a smallcap company in the chemicals industry, has been given a 'Strong Sell' rating by MarketsMojo. The stock has shown a significant increase today, but is currently trading lower than its moving averages, indicating a downward trend. Its performance has outperformed the Sensex in the past month.


Tuticorin Alkali Chemicals & Fertilizers Ltd, a smallcap company in the chemicals industry, has been in the news recently due to its stock performance. According to MarketsMOJO, a leading stock market analysis platform, the stock has been given a 'Strong Sell' rating.

The stock opened today with a gain of 7.55%, outperforming the sector by 4.45%. This is a significant increase after two consecutive days of falling. The stock also opened with a gap up of 7.55%, indicating a positive sentiment among investors.

Intraday, the stock touched a high of Rs 89.85, which is a 12.62% increase from its previous close. However, Tuticorin Alkali is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend.

In comparison to the Sensex, Tuticorin Alkali's 1-day performance is 6.53%, while the Sensex's performance is only 0.97%. Over the past month, the company's stock has seen a decline of -4.79%, while the Sensex has only seen a -0.80% decline.

It is important to note that this information is based on facts and data provided by MarketsMOJO, and does not include any external sources or expert opinions. As a smallcap company in the chemicals industry, Tuticorin Alkali's stock performance is closely watched by investors and analysts.
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