Bharat Wire Ropes Stock Hits Upper Circuit Limit with Intraday High of Rs 206.74
Bharat Wire Ropes Ltd's stock reached an intraday high of Rs 206.74, hitting the upper circuit limit. The trading day saw a total volume of approximately 77.22 lakh shares and a turnover of Rs 155.94 crore, indicating a notable rebound in performance despite a decline in delivery volume.
Bharat Wire Ropes Ltd, a microcap player in the Iron & Steel Products industry, has made headlines today as its stock hit the upper circuit limit, reaching an impressive intraday high of Rs 206.74. This marks a significant change of Rs 34.45, translating to a 20% increase from the previous trading session. The stock opened with a notable gain of 4.46% and has outperformed its sector by 19.82%.Throughout the trading day, Bharat Wire Ropes exhibited a wide trading range of Rs 26.76, with a low of Rs 179.98. The total traded volume reached approximately 77.22 lakh shares, contributing to a turnover of Rs 155.94 crore. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend reversal after two consecutive days of decline.
Despite a decrease in delivery volume, which fell by 55.22% against the 5-day average, the stock remains liquid enough for trading activities. Overall, Bharat Wire Ropes Ltd's performance today reflects a strong rebound, showcasing resilience in a fluctuating market environment.
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