Bajel Projects Ltd Achieves Upper Circuit Limit Amid Strong Trading Activity

Bajel Projects Ltd, a small-cap player in the Heavy Electrical Equipment industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 226.69, reflecting a 5% increase from its previous trading session. The last traded price (LTP) stands at Rs 223.20, with an absolute change of Rs 7.30, translating to a percentage change of 3.38%.
Today's trading volume reached approximately 5.96 lakh shares, resulting in a turnover of Rs 13.32 crore. Notably, Bajel Projects has outperformed its sector by 4.55%, marking a consecutive gain over the last two days with a total return of 4.8% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

Despite a decline in delivery volume, which fell by 89.01% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.53 crore based on 2% of the 5-day average traded value. Overall, Bajel Projects Ltd has demonstrated solid performance metrics today, reinforcing its position in the market.