Dhampur Sugar Mills Ltd sees 7.01% surge in stock price, outperforms market in sugar sector

Jun 13 2024 01:30 PM IST
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On June 13, 2024, Dhampur Sugar Mills Ltd, a smallcap company in the sugar industry, saw a 7.01% increase in its stock price, in line with the sector's overall gain of 7.17%. Despite being rated as 'Sell' by MarketsMojo, the company has shown a consecutive gain of 26.51% in the past 7 days and has outperformed the Sensex in the past 1 day and 1 month. However, it is currently lower than its 200-day moving average, indicating a mixed trend. Investors should conduct their own research before making any investment decisions.

Dhampur Sugar Mills Ltd, a smallcap company in the sugar industry, saw a 7.01% increase in its stock price on June 13, 2024. This was in line with the overall performance of the sugar sector, which gained 7.17% on the same day.

According to MarketsMOJO, a leading stock analysis platform, the stock of Dhampur Sugar Mills is currently rated as 'Sell'. However, the company has been on a positive streak for the past 7 days, with a consecutive gain of 26.51%. This could be attributed to the stock opening with a gain of 3.53% today and touching an intraday high of Rs 252 (6.49%).

In terms of moving averages, Dhampur Sugar Mills' stock is currently higher than its 5-day, 20-day, 50-day, and 100-day moving averages. However, it is lower than its 200-day moving average, indicating a mixed trend.

Comparing the performance of Dhampur Sugar Mills with the overall market, the stock has outperformed the Sensex by 7.18% in the past 1 day and by 15.93% in the past 1 month. This shows a strong performance by the company despite the current market conditions.

Overall, Dhampur Sugar Mills Ltd has shown a positive trend in its stock performance, with a significant increase in its price on June 13, 2024. However, investors should do their own research and analysis before making any investment decisions.
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