Associated Alcohols & Breweries Opens Strong with 6.29% Gain, Outperforming Sector

Associated Alcohols & Breweries has shown significant activity in the stock market today, opening with a gain of 6.29%. The stock has outperformed its sector by 2.6%, reflecting a positive trend in its recent performance. Over the past two days, the stock has recorded a total increase of 4.11%, indicating a consistent upward movement.
Today, Associated Alcohols & Breweries reached an intraday high of Rs 1143.95. In terms of moving averages, the stock is currently above its 5-day and 200-day averages, but below the 20-day, 50-day, and 100-day averages, suggesting mixed short-term momentum.

In the context of broader market performance, the stock's one-day performance stands at 2.20%, while the Sensex has seen a slight decline of 0.05%. However, over the past month, Associated Alcohols & Breweries has experienced a decrease of 1.91%, contrasting with the Sensex's gain of 8.73%.

With a beta of 1.32, Associated Alcohols & Breweries is classified as a high beta stock, indicating that it tends to exhibit greater volatility compared to the overall market.