G M Breweries Stock Hits Upper Circuit with Intraday High of Rs 1251.55
G M Breweries Ltd, a small-cap beverage company, reached its upper circuit limit today, achieving an intraday high of Rs 1251.55. The stock demonstrated strong trading activity with a total volume of approximately 30.1 lakh shares, while maintaining a position above key moving averages, indicating a solid market presence.
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 impressive intraday high of Rs 1251.55, reflecting a significant change of Rs 99.15, or 8.71%. This performance is notable as it outperformed its sector by 9.17%, while the broader market, represented by the Sensex, saw a decline of 0.23%.Throughout the trading session, G M Breweries exhibited a wide price range, trading between a low of Rs 1110.1 and the aforementioned high. The total traded volume stood at approximately 30.1 lakh shares, contributing to a turnover of Rs 359.89 crore. The stock's last traded price was Rs 1236.95, positioning it just 4.5% away from its 52-week high of Rs 1289.9.
Additionally, G M Breweries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, there has been a slight decline in investor participation, with delivery volume decreasing by 1.87% compared to the 5-day average. Overall, G M Breweries' performance today underscores its robust market position within the beverages sector.
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