Ankit Metal & Power Hits Upper Circuit Limit Amid Signs of Trend Reversal

Jul 07 2025 11:00 AM IST
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Ankit Metal & Power Ltd, a microcap in the Ferrous Metals sector, reached its upper circuit limit today, marking a notable rebound after two days of decline. The stock saw increased trading volume and outperformed its sector, despite trading below key moving averages, indicating mixed long-term performance.
Ankit Metal & Power Ltd, a microcap player in the Ferrous Metals industry, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 2.0, reflecting a notable increase of 4.71% from its previous close, with an absolute change of 0.09. This performance comes after two consecutive days of decline, indicating a potential trend reversal.

The stock's trading activity today was marked by a total traded volume of approximately 0.34794 lakh shares, resulting in a turnover of Rs 0.0069 crore. The price band for the day was set at 5%, allowing for significant movement within the trading session. Despite this positive momentum, Ankit Metal & Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance in the longer term.

In comparison to its sector, Ankit Metal & Power outperformed by 4.92%, while the broader market, represented by the Sensex, saw a slight decline of 0.04%. Overall, the stock's performance today highlights a significant rebound, although investor participation has shown signs of decline in recent days.
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