Allied Blenders Achieves 52-Week High Amid Broader Market Decline

Allied Blenders & Distillers has made headlines today as its stock price reached a new 52-week high of Rs. 540, marking a significant milestone for the midcap beverage company. This achievement comes amid a broader market environment where the Sensex has shown a negative trend, falling by 0.4% after a flat opening.
In terms of performance, Allied Blenders has outperformed its sector by 0.72% and has seen consecutive gains over the past two days, accumulating a total return of 4.5%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

The company has demonstrated impressive financial health, with net sales for the latest six months reaching Rs. 1,843.51 crore, reflecting a growth of 20.87%. Additionally, its operating profit has shown a robust annual growth rate of 38.70%. With a remarkable return of 86.94% over the past year, Allied Blenders stands out in the market, significantly outperforming the Sensex, which has only gained 2.45% during the same period. The increasing participation of institutional investors, who now hold 7.56% of the company, further underscores its strong market position.