Microcrystalline cellulose manufacturer Sigachi Industries shares gained on Friday, June 13, 2025, even as equity benchmark indices Sensex and Nifty tumbled in early trade, tracking global cues. The counter started the session in the red at Rs 56.50 on the BSE against the previous close of Rs 57.44. It dipped further to touch the low of Rs 56.01 but rebounded to hit an intraday high of Rs 58.44 - a gain of 1.74 per cent. Last seen, the counter was trading at Rs 57.59 on the BSE, with a gain of 0.26 per cent from the previous close.
On the NSE, the counter started the session flat and opened at Rs 57.45. The counter hit an intraday high of Rs 58.45.
Stock's 14-day relative strength index
The stock has been gaining for the last two days and has risen 3.52 per cent in this period. Its 14-day relative strength index (RSI) is 76.43. For the uninitiated, a level above 70 is considered overbought or overvalued, and below 30 is defined as oversold or undervalued.
At the time of writing the story, around 1.51 lakh shares had changed hands. This is lower than the two-week average volume of 4.54 lakh.
Technically, the stock trades higher than the 5-day, 20-day, 50-day, 100-day and 200-day moving averages.
The counter hit its 52-week high of Rs 69.89 on the NSE on August 1, 2024 and a 52-week low of Rs 34 on February 17, 2025. The market cap of the company is Rs 1,920 crore.
Company Shares Update On Its Facility In Kurnool District
Meanwhile, the company has informed exchanges that it has received a Terms of Reference (ToR) approval from the State Environment Impact Assessment Authority (SEIAA), Andhra Pradesh, for its upcoming bulk drugs, drug intermediates, and speciality chemicals facility at Orvakal, Kurnool District.
Share Price History
According to BSE Analytics, the stock has given a multibagger return of 139 per cent over the past five years. However, the return it gave in one year is just 5.47 per cent, and it has corrected 1.36 per cent in six months.
(This article is for informational purposes only and should not be construed as investment, financial, or other advice.)
