AVG Logistics Stock Hits Upper Circuit Limit with Intraday High of Rs 264.43
AVG Logistics Ltd experienced significant trading activity today, hitting its upper circuit limit after a notable price change. The stock opened higher and traded within a wide range, with a total volume of approximately 2.39 lakh shares. Despite a decline in investor participation, the stock showed a positive momentum shift.
AVG Logistics Ltd, a microcap player in the Transport Services industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 264.43, reflecting a significant price change of Rs 38.44, or 17.44%, from its previous close. This surge comes after two days of consecutive declines, marking a notable trend reversal.The stock opened with a gain of 3.92%, and throughout the day, it traded within a wide range of Rs 35.43, with a low of Rs 229. The total traded volume reached approximately 2.39 lakh shares, contributing to a turnover of Rs 6.09 crore.
In terms of performance metrics, AVG Logistics has outperformed its sector by 16.12% today. While the stock is currently above its 5-day, 20-day, and 50-day moving averages, it remains below the 100-day and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume dropping by 41.45% compared to the 5-day average.
Overall, AVG Logistics Ltd's performance today highlights a strong rebound, with significant trading activity and a positive shift in momentum.
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