Ankit Metal & Power Ltd Stock Hits Upper Circuit Limit at Rs 2.08

Ankit Metal & Power Ltd, a microcap player in the Ferrous Metals industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 2.08. The stock experienced a notable change of Rs 0.09, translating to a percentage increase of 4.52%. This performance is particularly impressive as it outperformed its sector, which recorded a modest 1D return of 0.37%, while the broader Sensex declined by 0.15%.
The trading session saw a total volume of approximately 1.01561 lakh shares, resulting in a turnover of Rs 0.0207 crore. The stock has been on a positive trajectory, gaining for the last two consecutive days and accumulating a total return of 7.22% during this period. Notably, Ankit Metal & Power's current price is above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

Investor participation has also increased, with delivery volume on September 23 rising by 105% compared to the 5-day average. Overall, Ankit Metal & Power Ltd's performance today reflects strong market activity and positive momentum within the stock.