G M Breweries' Stock Performance Shows Strong Growth, Outperforms Sector and Sensex

G M Breweries, a smallcap company in the breweries industry, has seen a positive trend in its stock performance on August 30th, 2024. The stock gained 9.46%, outperforming the sector by 5.63%. This comes after two consecutive days of fall, indicating a possible trend reversal.

The stock also touched an intraday high of Rs 887.75, a 6.7% increase from its previous closing price. G M Breweries is currently trading higher than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, showing a strong upward trend.

In comparison to the overall market performance, G M Breweries has outperformed the Sensex by a significant margin. On a 1 day basis, the stock's performance was 12.33% compared to the Sensex's 0.37%. Over the past month, G M Breweries has also outperformed the Sensex with a 14.32% increase compared to the Sensex's 1.21% increase.

With these positive trends in its stock performance, MarketsMOJO has given a 'Hold' call for G M Breweries. This smallcap company in the breweries industry has shown promising growth and investors may want to keep an eye on its future performance.