Som Distilleries Opens Strong with 8.78% Gain Amid Market Volatility
Som Distilleries & Breweries has demonstrated notable activity, opening with a significant gain and reaching an intraday high. The stock has shown high volatility and outperformed its sector. Performance metrics indicate a positive trend over one day and a slight gain over the past month, amidst mixed technical indicators.
Som Distilleries & Breweries has shown significant activity today, opening with a notable gain of 8.78%. The stock reached an intraday high of Rs 129.45, reflecting a strong performance that outpaced its sector by 2.92%. Despite this upward movement, the stock has experienced high volatility, with an intraday fluctuation of 5.64%.In terms of performance metrics, Som Distilleries has recorded a 1-day increase of 3.91%, compared to the Sensex's rise of 1.85%. Over the past month, the stock has gained 1.69%, slightly ahead of the Sensex's 1.50% increase.
Technical indicators present a mixed picture; while the stock is currently above its 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day averages. The MACD shows a bullish trend on a weekly basis but is mildly bearish monthly. Additionally, the stock's beta of 1.35 indicates that it tends to exhibit greater volatility compared to the broader market. Overall, Som Distilleries & Breweries continues to navigate a dynamic market landscape.
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