Explosive growth alert: This smallcap FMCG stock skyrockets by 20 per cent today achieving stunning all time high!

Skyrocketing success company's shares surge by an astonishing 47.70 per cent in just 6 months.

The Fast Moving Consumer Goods (FMCG) sector is poised for a turnaround in quarter one of FY24, with analysts predicting a return of volume growth and a favourable demand scenario. The BSE FMCG Index is currently up by 1.44 per cent and many of the companies are trading in the green. Today shares of eight companies have surged by more than 5 per cent among which Dodla Dairy Ltd was the top gainer with an unbelievable surge of around 20 per cent.

Dodla Dairy Ltd is an integrated dairy company based in Telangana. The company derives the majority of its revenue from the sale of milk and dairy-based value added products in the branded consumer market. Currently its procurement is centered in 5 states and its products are available for purchase in 11 states.

Yesterday the company's shares closed at Rs 618.05, and today they opened at Rs 625. Currently, they are trading at Rs 741.65, up by 20 per cent. After experiencing a significant surge and a high volume of 31,916 shares being traded over the counter at BSE the stock currently has only buyers there are no sellers. Today it reached an all-time high at Rs 741.65 and it has 52-week low of Rs 417. The company has a market capitalization of around Rs 4,400 crore.

The company remains bullish among investors. A meeting of the board of directors is scheduled for tomorrow, July 21, 2023 for the consideration and approval of unaudited financial results for the quarter ended June 30, 2023. Investors should keep an eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.