Dodla Dairy Faces Continued Stock Decline Amid Broader Market Weakness
Dodla Dairy's stock has faced a notable decline, dropping for the second consecutive day and underperforming its sector. The stock is currently trading below multiple moving averages, reflecting a bearish trend. Meanwhile, the broader market, represented by the Sensex, has also opened lower, nearing its 52-week low.
Dodla Dairy, a midcap player in the FMCG sector, has experienced a significant decline today, with its stock price dropping by 5.04% as of March 11, 2025. The stock has underperformed against its sector, lagging by 5.35%. This marks the second consecutive day of losses for Dodla Dairy, which has seen a total decline of 9.4% over this period.Opening the day with a notable gap down, the stock began trading at a loss of 6.22% and reached an intraday low of Rs 996, reflecting a decrease of 6.7%. Currently, Dodla Dairy is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.
In the broader market context, the Sensex opened lower at 73,743.88, down 371.29 points, and is currently trading at 73,925.51, a decline of 0.26%. The index is nearing its 52-week low and is trading below its 50-day moving average. Despite the overall market conditions, midcap stocks are showing slight resilience, with the BSE Mid Cap index gaining 0.01% today.
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