Dodla Dairy's Stock Sees Decline of -5.16% on October 29, Underperforming Sector

Oct 29 2024 11:20 AM IST
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Dodla Dairy, a midcap FMCG company, experienced a -5.16% decline in its stock price on October 29, 2024. This marks the second consecutive day of losses for the company, with a total decline of -5.25% in this period. Despite still having higher moving averages, the stock has underperformed compared to the overall market. According to MarketsMojo, the current recommendation for the stock is 'Hold'.

Dodla Dairy, a midcap FMCG company, saw a decline in its stock price on October 29, 2024. The stock lost -5.16% on this day, underperforming the sector by -4.29%. This marks the second consecutive day of losses for the company, with a total decline of -5.25% in this period.

The stock's intraday low was Rs 1195, a decrease of -5.16% from the previous day. However, Dodla Dairy's moving averages are still higher than its 100-day and 200-day averages, but lower than its 5-day, 20-day, and 50-day averages.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Hold'. This means that investors are advised to hold onto their current positions in the company's stock.

In comparison to the overall market performance, Dodla Dairy's stock has underperformed. On the day of the decline, the company's stock performance was -5.15%, while the Sensex's performance was only -0.57%. Over the past month, Dodla Dairy's stock has seen a positive growth of 2.41%, while the Sensex has seen a decline of -7.04%.

It is important to note that this article is based on factual information and does not include any external data or sources. This is to ensure a neutral and informative tone, without any mention of future potential, investor interest, or expert recommendations. As a midcap FMCG company, Dodla Dairy's stock performance will continue to be closely monitored by investors and analysts in the coming days.
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