Umang Dairies Ltd. Surges to 52-Week High, Outperforms Sector in Today's Trading Session

Umang Dairies Ltd., a microcap company in the FMCG industry, has recently seen a surge in its stock price. On July 3rd, 2024, the company's stock price touched a 52-week high of Rs 120, which is a 2.65% increase from its previous high.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, Umang Dairies' stock is currently rated as 'Hold'. This indicates that the stock is expected to perform steadily in the near future.

In today's trading session, Umang Dairies' stock has outperformed the sector by 0.73%. The stock opened with a gain of 2.03% and touched an intraday high of Rs 118. However, it has also been highly volatile with an intraday volatility of 115.49%, calculated from the weighted average price.

The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In the past year, Umang Dairies has shown a remarkable growth of 96.57%, outperforming the Sensex's performance of 22.54%. This showcases the company's strong performance and potential for growth in the FMCG industry.

Umang Dairies Ltd. is a microcap company, which means it has a market capitalization of less than $300 million. Despite its small size, the company has shown promising growth and has caught the attention of investors. With its consistent performance and positive outlook, Umang Dairies is definitely a company to watch out for in the FMCG sector.