Dhampur Sugar Mills Stock Sees Significant Increase, Outperforms Sector and Sensex

Aug 30 2024 09:30 AM IST
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Dhampur Sugar Mills, a smallcap company in the sugar industry, saw a significant increase in its stock price on August 30th, 2024. Despite being given a 'Strong Sell' call by MarketsMojo, the stock has outperformed the sector and has been gaining for the last 4 days. It opened with a gain of 4.36% today and reached an intraday high of Rs 225, showing high volatility. The stock is currently higher than its 5, 20, and 50 day moving averages, but lower than its 100 and 200 day moving averages. In the sugar industry, it has shown a gain of 5.22%. However, past performance does not guarantee future results. Compared to the overall market, Dhampur Sugar Mills has outperformed the Sensex by a significant margin. Investors should carefully consider all factors before making any investment decisions.

Dhampur Sugar Mills, a smallcap company in the sugar industry, has seen a significant increase in its stock price on August 30th, 2024. The stock has gained 8.15% and has been performing well in the market.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' call. However, the company has outperformed the sector by 0.26% and has been gaining for the last 4 days with a 8.58% return in that period. The stock also opened with a gain of 4.36% today and reached an intraday high of Rs 225, showing high volatility with an intraday volatility of 32.97%.

In terms of moving averages, the stock is currently higher than its 5 day, 20 day, and 50 day moving averages, but lower than its 100 day and 200 day moving averages. This indicates a mixed trend in the stock's performance.

In the sugar industry, Dhampur Sugar Mills has shown a gain of 5.22%. However, it is important to note that this performance is based on past data and does not guarantee future results.

Compared to the overall market performance, Dhampur Sugar Mills has outperformed the Sensex by a significant margin. Its 1 day performance is 7.53% compared to Sensex's 0.42%, and its 1 month performance is 1.07% compared to Sensex's 1.25%.

Overall, Dhampur Sugar Mills has shown a strong performance in the market, but investors should carefully consider all factors before making any investment decisions.
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