Why is Chambal Brewer falling/rising?
As of 16-Sep, Chambal Breweries & Distilleries Ltd's stock price has risen to Rs 23.07, nearing its 52-week high, and has significantly outperformed its sector. The company has shown strong returns over various periods, indicating robust investor sentiment and favorable liquidity.
As of 16-Sep, Chambal Breweries & Distilleries Ltd is experiencing a price increase, with its current price at Rs 23.07, reflecting a rise of Rs 0.45 or 1.99%. The stock is trading very close to its 52-week high, just 0.04% away from Rs 23.08. It has significantly outperformed its sector by 2.24% today and is trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. Additionally, there has been a notable increase in investor participation, with delivery volume on 15 September rising by 1691.75% compared to the 5-day average. Unfortunately, the Positive and Negative Factors section is unavailable, which limits further insights into specific catalysts for this movement.In the broader market context, Chambal Breweries has shown impressive returns over various periods, with a 1-week return of 6.02% compared to the Sensex's 1.58%, and a remarkable 1-year return of 281.32% against a slight decline of 0.73% in the Sensex. This strong performance relative to the benchmark indicates that investor sentiment towards Chambal Breweries is robust, contributing to its rising stock price. The stock's liquidity is also favorable, allowing for sufficient trading activity, which supports its upward movement in the market.
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