Allied Blenders & Distillers Faces Continued Decline Amid Mixed Market Performance

Jan 13 2025 12:35 PM IST
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Allied Blenders & Distillers experienced a decline on January 13, 2025, marking its fourth consecutive day of losses. Despite this downturn, the company showed resilience over the past month with a gain, although it underperformed compared to its sector. The stock remains above key moving averages, indicating a mixed outlook.
Allied Blenders & Distillers, a midcap entity in the breweries and distilleries sector, faced a notable decline of 5.14% on January 13, 2025, marking its fourth consecutive day of losses and a cumulative drop of 9.18% during this period. The stock opened lower with a gap down of 2.18% and reached an intraday low of Rs 393.65.

In the context of the broader market, Allied Blenders & Distillers underperformed, declining 2.23% compared to its sector, which fell by 2.91%. However, over the past month, the company has demonstrated resilience with a gain of 5.60%, contrasting with a 6.55% decrease in the Sensex.

Despite the recent downturn, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is currently trading below its 5-day and 20-day moving averages. This performance indicates a mixed outlook as the company navigates current market conditions.
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