KMG Milk Food Achieves 52-Week High Amid Broader Market Volatility
KMG Milk Food's stock reached a new 52-week high of Rs. 46.16, reflecting strong performance in the FMCG sector. The stock maintained gains throughout the trading session and has shown resilience above key moving averages, significantly outperforming the broader market over the past year.
KMG Milk Food has made headlines today as its stock price reached a new 52-week high of Rs. 46.16, marking a significant milestone for the microcap company in the FMCG sector. This achievement comes amid a day of notable trading activity, where the stock outperformed its sector by 2.44%. The stock opened with a gain of 2.21%, maintaining its price throughout the trading session. KMG Milk Food has shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its performance metrics.
In contrast, the broader market experienced volatility, with the Sensex reversing sharply after a positive opening, currently trading at 83,248.00, down 0.54%. Despite this market fluctuation, KMG Milk Food's one-year performance stands out, boasting a remarkable increase of 39.58%, significantly surpassing the Sensex's 4.80% gain over the same period. The stock's 52-week low was recorded at Rs. 29.51, highlighting its substantial growth trajectory.
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