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The share price of Jindal Poly Films, a small-cap company in the plastic products industry, has increased significantly. On December 9, 2024, the company’s stock price rose 8.15% to close at Rs 1 billion. 1049.4. This is a 52-week high for the company and indicates a positive trend in business results.
According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call on Jindal Poly Films is ‘Hold’. This suggests that investors should maintain their current positions in the company’s stock.
In today’s session, Jindal Poly Films outperformed the sector by 5.21%. The stock price has been rising for the past two consecutive days, with a total return of 11.41% for the period. It also opened with a gap up of 2.95%, indicating strong buying interest from investors.
The stock price touched an intraday high of Rs 100 million. 1049.4, up 7.08% from the previous closing price. Jindal Poly Films is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bullish trend.
In comparison to Sensex, Jindal Poly Films has a one-day performance of 8.72% as against 0.01% of Sensex. Last month, the company’s stock price rose 33.92%, while the Sensex rose only 2.81%.
Overall, Jindal Poly Films has performed well in the market, with its stock price consistently increasing and outperforming its sector and benchmark indices. Investors are advised to maintain their position in the company’s stock as the company continues to show positive growth.
