Dhampur Sugar Mills Experiences High Volatility Amidst Notable Stock Activity

Jan 16 2025 09:30 AM IST
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Dhampur Sugar Mills has attracted attention with notable stock activity, opening with a significant gain and showing a strong upward trend over three days. The stock reached a high during intraday trading, exhibiting high volatility and positioning above its 5-day moving average while remaining below longer-term averages.
Dhampur Sugar Mills has been a focal point in the market today, showcasing significant stock activity. The stock opened with a notable gain of 6.4%, outperforming its sector by 2.45%. Over the last three days, it has demonstrated a robust upward trend, accumulating a total return of 12.08%.

During intraday trading, Dhampur Sugar Mills reached a high of Rs 156.55, marking a 7.74% increase. However, the stock has experienced high volatility, with an intraday volatility rate of 158.8%. In terms of moving averages, it is currently positioned above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the broader market, Dhampur Sugar Mills recorded a 1-day performance of 3.79%, while the Sensex saw a modest increase of 0.55%. Over the past month, the stock has faced a decline of 16.82%, contrasting with the Sensex's decrease of 5.63%. Notably, the sugar sector overall has gained by 3.19%.
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