Umang Dairies Ltd Sees Strong Buying Activity Amid Recent Price Gains

Umang Dairies Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, outperforming the Sensex, which rose by 0.78%. This marks the second consecutive day of gains for Umang Dairies, accumulating a total return of 7.81% over this period. The stock opened with a gap up of 4.3% and reached an intraday high of Rs 74.39, reflecting strong buyer sentiment.
Despite this recent uptick, Umang Dairies has faced challenges over the longer term, with a 1-month decline of 16.16% and a year-to-date drop of 31.75%. However, its performance over the past three years shows a modest gain of 12.54%, while the five-year performance aligns closely with the Sensex at 97.85%.

The buying pressure may be attributed to various factors, including market sentiment and potential developments within the FMCG sector. The stock is currently trading above its 5-day moving average but remains below its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed trend in its performance.