KMG Milk Food Achieves 52-Week High Amid Broader Market Downturn

KMG Milk Food has made headlines today as its stock price reached a new 52-week high of Rs. 37.17, marking a significant milestone for the microcap company in the FMCG sector. This achievement comes after a strong performance over the past three days, during which the stock has gained nearly 10%, outperforming its sector by 4.2%. Despite some erratic trading patterns, with the stock not trading on three occasions in the last 20 days, it opened today with a notable gap up of 5%. The stock has maintained its position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a robust short-term trend. In the broader market context, the Sensex is experiencing a downturn, currently trading at 81,128.93, down 0.4% after opening lower. However, small-cap stocks are showing resilience, with the BSE Small Cap index gaining 0.42% today. Over the past year, KMG Milk Food has delivered an 18% return, significantly outpacing the Sensex's 9.74% performance. The stock's 52-week low stands at Rs. 29.51, highlighting its recent upward trajectory.