Why is Chambal Brewer falling/rising?
As of 29-Sep, Chambal Breweries & Distilleries Ltd is experiencing a price increase to Rs. 27.51, marking a 1.96% rise and reaching a new 52-week high. The stock has significantly outperformed the Sensex and shows strong momentum with increased investor participation and impressive returns over various periods.
As of 29-Sep, Chambal Breweries & Distilleries Ltd is experiencing a price increase, with its current price at Rs. 27.51, reflecting a rise of 0.53 (1.96%). The stock has reached a new 52-week high today and has shown strong performance, gaining 21.62% over the last 10 days. It has outperformed its sector by 1.33% today and is trading above all key moving averages, indicating positive momentum. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 309.78% compared to the 5-day average. The stock's impressive returns over various periods, including a 219.88% increase over the past year and a staggering 647.55% over three years, further highlight its strong performance relative to the market.In the broader market context, Chambal Breweries has significantly outperformed the benchmark Sensex, which has seen a decline of 6.08% over the past year. In contrast, the stock has gained 44.94% over the past month while the Sensex has only increased by 0.70%. This stark contrast in performance underscores the stock's resilience and attractiveness to investors, especially in a market that has been under pressure. The liquidity of the stock, being sufficient for trading, also supports its upward movement, indicating that investor confidence remains strong despite broader market challenges.
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