Clean Science & Technology Stock Surges 5.24% on New Year's Day, Outperforms Sector

Karachi: January 1, 2025 (Alayaran.com) - In a move that promises cheers for investors in the chemical industry, Clean Science & Technology's stock rose by a healthy 5.24 percent on World Economic Outlook, outperforming its sector by 3.29% and leaving experts optimistic about the company's prospects.

As trading began on Tuesday, the newly quoted scrip touched an intraday high of Rs 1485.95, a gain of 4.28%, before consolidating at a closing price of Rs 1491.10. Notably, Clean Science & Technology's stock price has shot up 15.27% over the past month, surpassing the Sensex's decline of 2 percent.

Market experts attribute this trend to increased demand for the company's products in a growth-driven economy. "On the macro level, positive economic indicators point towards better buying opportunities," noted a leading market expert.

In recent days, Clean Science & Technology has posted gains of 5.53% over two trading sessions, signifying investor confidence. Its latest upward trend is now bolstered by its record-breaking rise in stock price versus its peer group, with the company's share to outperforming its peers in the sector.

Currently trading at Rs 1491.10 after hitting an intraday peak of Rs 1485.95, Clean Science & Technology's gains have piqued interest among many investors looking for midcap plays that can offer a relatively higher return on investment.