Allied Blenders & Distillers Stock Shows Strong Performance, Outperforms Sector and Sensex

Allied Blenders & Distillers, a midcap company in the breweries and distilleries industry, has seen a positive trend in its stock performance. On August 27, 2024, the company's stock gained 6.92%, closing at Rs 347.75. However, according to MarketsMOJO, the stock is currently rated as a 'Sell'.

Despite this, Allied Blenders & Distillers is still close to its 52-week high of Rs 347.9, with a difference of only 0.12%. The stock has also outperformed the sector by 6.98% today, indicating a strong performance in the industry.

In addition, the stock has shown a trend reversal, gaining after two consecutive days of fall. It also reached an intraday high of Rs 347.75, a 7% increase from its previous close.

Allied Blenders & Distillers is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock performance.

In comparison to the Sensex, Allied Blenders & Distillers has shown a 1-day performance of 7.43%, while the Sensex has only seen a 0.10% increase. Similarly, in the past month, the company's stock has outperformed the Sensex by 10.65% compared to the Sensex's 0.55% increase.

Overall, Allied Blenders & Distillers has shown a strong performance in the stock market, with a positive trend and outperforming the sector and Sensex. Investors may want to keep an eye on this midcap company in the breweries and distilleries industry.