Som Distilleries & Breweries Stock Sees Dip, But Shows Strong Performance in Past Month

Aug 05 2024 11:05 AM IST
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Despite a recent dip in stock performance, the company has shown strong gains in the past month and has received a 'Buy' call from MarketsMojo.

Som Distilleries & Breweries, a smallcap company in the breweries industry, has recently faced a dip in its stock performance. On August 5th, the company's stock saw a decrease of -7.14%, underperforming the sector by -4.33%. This trend reversal comes after 5 consecutive days of gains for the stock.

The stock opened with a loss of -3.1% today, touching an intraday low of Rs 110 (-6.54%). Som Distilleries is currently trading lower than its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend.

In the broader sector, Breweries has also seen a decrease of -2.27%. However, despite this recent dip, Som Distilleries & Breweries has shown a strong performance in the past month, with a decrease of only -7.99% compared to the Sensex's -1.49%.

MarketsMOJO has given a 'Buy' call for Som Distilleries & Breweries, indicating potential for growth in the company's stock. With a positive and informative tone, it is clear that Som Distilleries & Breweries is a company to watch in the smallcap breweries industry.
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Our weekly and monthly stock recommendations are here
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