Avonmore Capital Hits Upper Circuit Limit Amid Increased Trading Activity
Avonmore Capital & Management Services Ltd, a microcap in the Finance/NBFC sector, experienced notable trading activity as its stock reached the upper circuit limit. The stock recorded a significant volume of approximately 6.15 lakh shares, reflecting strong market interest despite a decline in delivery volume.
Avonmore Capital & Management Services Ltd, a microcap player in the Finance/NBFC sector, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 19.8, reflecting a change of Rs 0.74 or a 3.92% increase from the previous trading session. The last traded price stood at Rs 19.6, with a notable price band of 5%.During the trading session, the stock recorded a total traded volume of approximately 6.15 lakh shares, resulting in a turnover of around Rs 1.2 crore. The stock has been gaining momentum, having risen by 0.56% over the last day, although it underperformed its sector by 1.37%.
In terms of moving averages, Avonmore Capital's stock is currently above the 5-day, 20-day, 100-day, and 200-day moving averages, while it remains below the 50-day moving average. Despite a decline in delivery volume, which fell by 38.21% against the 5-day average, the stock maintains sufficient liquidity for trading.
Overall, Avonmore Capital & Management Services Ltd has demonstrated a robust performance today, highlighted by its achievement of the upper circuit limit.
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