G M Breweries Shows Resilience with Significant Stock Surge Amid Sector Decline

G M Breweries Ltd, a small-cap player in the beverages industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 860.55, reflecting a significant price change of Rs 116.3, or 16.22%. This surge comes as the stock has outperformed its sector by 18.87% and has shown a remarkable consecutive gain over the last three days, accumulating a total return of 17.24% during this period.
The stock traded within a wide range of Rs 135.55, with a last traded price of Rs 833.45. Total traded volume for the day was approximately 37.22 lakh shares, resulting in a turnover of Rs 311.85 crore. Notably, G M Breweries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.

Despite a general downturn in the Breweries & Distilleries sector, which saw a decline of 2.69%, G M Breweries has managed to maintain its upward trajectory. Overall, the stock's performance today highlights its resilience and strength in a challenging market environment.