Dodla Dairy's Stock Price Soars 6.53% on Strong FMCG Presence and Midcap Growth

Dodla Dairy, a leading FMCG company in the midcap sector, has seen a significant increase in its stock price on September 10, 2024. The stock has gained 6.53% and closed at Rs 1300.5, which is 3.3% away from its 52-week high of Rs 1345.7. This performance has been deemed as 'Hold' by MarketsMOJO, a leading stock market analysis platform.

The stock has outperformed the sector by 6.46% and has been on a consecutive gain for the last 2 days, with a rise of 7.66% in this period. It also touched an intraday high of Rs 1309.6, which is a 7% increase from its previous close.

Dodla Dairy is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Dodla Dairy has outperformed with a 1-day performance of 6.53% against Sensex's 0.46%. In the last month, the stock has also outperformed the Sensex with a 11.25% increase compared to Sensex's 2.80% rise.

This positive performance of Dodla Dairy can be attributed to its strong presence in the FMCG sector and its consistent growth in the midcap market. Investors can keep a close eye on the stock's performance in the coming days.