G M Breweries' Stock Price Soars to New 52-Week High, Outperforms Sector and Sensex

Jul 02 2024 10:20 AM IST
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The stock has shown a significant increase of 9.29% and is currently trading at a new 52-week high of Rs. 728.5. It has also outperformed the sector by 10.26% and is currently trading above its moving averages, indicating a positive trend.

G M Breweries, a smallcap company in the brewery industry, has seen a significant increase in its stock price on July 2nd, 2024. The stock has gained 9.29% and is currently trading at a new 52-week high of Rs. 728.5. This performance has caught the attention of investors and analysts, with MarketsMOJO giving a 'Hold' call for the stock.

In today's trading session, G M Breweries has outperformed the sector by 10.26%. The stock has also shown a consecutive gain for the last 2 days, with a total return of 14.86% during this period. Its intraday high of Rs. 728.5 marks a 9.81% increase from the previous day's closing price. However, the stock has also shown high volatility, with an intraday volatility of 6.45%.

G M Breweries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price. In comparison to the Sensex, the stock has outperformed with a 1-day performance of 12.02% and a 1-month performance of 20.44%, while the Sensex has shown a -0.08% and 7.38% performance, respectively.

It is important to note that this article is based on factual information and does not include any external data or sources. This is not a recommendation to buy or sell the stock, and any investment decision should be made after thorough research and analysis. G M Breweries' recent performance has caught the attention of the market, and investors may want to keep an eye on the company's future developments.
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