Andhra Cements Ltd Stock Hits Upper Circuit Limit with Intraday High of Rs 76.05
Andhra Cements Ltd has experienced notable trading activity, reaching its upper circuit limit with an intraday high of Rs 76.05. The stock has shown strong performance over the past two days, with significant increases in delivery volume, indicating heightened investor interest despite being below its 50-day moving average.
Andhra Cements Ltd, a microcap player in the Cement & Cement Products industry, has shown significant activity today, hitting its upper circuit limit with an intraday high of Rs 76.05, reflecting a 5% increase. The stock's last traded price also stands at Rs 76.05, marking an absolute change of Rs 3.62. The stock has outperformed its sector by 4.95%, continuing a positive trend with gains over the last two days, resulting in an overall return of 8.46% during this period. Today's trading saw a total volume of 0.1708 lakh shares, contributing to a turnover of Rs 0.128 crore.
Despite the stock's strong performance, it remains lower than the 50-day moving average while exceeding the 5-day, 20-day, 100-day, and 200-day moving averages. Notably, delivery volume has surged by 129.43% compared to the 5-day average, indicating rising investor participation.
In summary, Andhra Cements Ltd has demonstrated robust performance metrics today, reflecting a positive market position within its sector.
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