Astron Paper & Board Mill Ltd Achieves Upper Circuit Limit Amid Strong Market Activity
Astron Paper & Board Mill Ltd experienced significant trading activity today, reaching its upper circuit limit and an intraday high. The stock has gained consistently over the past three days, reflecting strong market performance despite a decline in delivery volume. Overall, it demonstrates resilience and growth potential within its sector.
Astron Paper & Board Mill Ltd, operating in the Paper, Forest & Jute Products industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 16.18, reflecting a significant change of 1.47 points or 9.99%. This performance is noteworthy as it outperformed the sector by 7.96%, with the Paper & Paper Products sector gaining only 2.26% today.The stock opened with a gap up of 3.26% and has been on a positive trajectory, gaining for the last three days and accumulating a total return of 32.95% during this period. The total traded volume today was approximately 5.31 lakh shares, resulting in a turnover of Rs 0.85 crore.
Despite a decline in delivery volume, which fell by 15.05% compared to the five-day average, the stock remains liquid enough for trading, with a liquidity level based on 2% of the five-day average traded value. Overall, Astron Paper & Board Mill Ltd's performance today highlights its strong market position within its sector, showcasing resilience and growth potential.
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