Associated Alcohols & Breweries Ltd: A Smallcap Company Making Waves in Stock Market

Sep 18 2024 11:35 AM IST
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Associated Alcohols & Breweries Ltd, a smallcap company in the breweries and distilleries industry, has been performing exceptionally well in the stock market. It has received a 'Strong Buy' rating from MarketsMojo and is currently trading close to its 52-week high. The stock has consistently outperformed the sector and its moving averages, showcasing its strong growth potential.

Associated Alcohols & Breweries Ltd, a smallcap company in the breweries and distilleries industry, has been making waves in the stock market recently. On September 18, 2024, the company's stock price reached an all-time high, signaling positive growth and potential for investors.

According to MarketsMOJO, a leading stock market analysis platform, Associated Alcohols & Breweries Ltd has been given a 'Strong Buy' rating, indicating a promising future for the company. This is further supported by the fact that the stock is currently trading only 0.8% away from its 52-week high of Rs 1020.7.

In today's trading, the stock has outperformed the sector by 3.65%, reaching an intraday high of Rs 1014.8, a 3.55% increase from the previous day. This is a strong indication of the company's positive performance and potential for growth.

Associated Alcohols & Breweries Ltd has also been consistently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further solidifying its position in the market.

In the past year, the company's performance has been exceptional, with a 138.90% increase in stock price compared to the Sensex's 23.14% performance. This showcases the company's strong growth and potential for investors.

With its strong performance and positive outlook, Associated Alcohols & Breweries Ltd is definitely a company to watch out for in the smallcap segment of the breweries and distilleries industry. Investors can consider this stock as a potential addition to their portfolio.
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