Bhartiya International Ltd Hits Upper Circuit, Showcases Resilience in Leather Sector

Bhartiya International Ltd, a microcap player in the leather industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 625.9, reflecting a notable increase of 19.9 points, or 3.34%, from its previous close. This performance is particularly impressive as it has outperformed its sector, which saw a gain of 2.4%, and the broader market, with the Sensex returning just 0.56%.
In terms of trading activity, Bhartiya International recorded a total traded volume of 0.00378 lakh shares, resulting in a turnover of approximately Rs 0.023 crore. The stock has shown consistent strength, gaining for the last eight consecutive days and accumulating a remarkable 36.04% return during this period.

Despite the positive momentum, the stock's delivery volume has seen a decline of 68.7% compared to its five-day average, indicating a potential shift in investor participation. Nevertheless, Bhartiya International remains above its 5-day, 20-day, 50-day, and 200-day moving averages, showcasing its robust market position. Overall, the stock's performance today highlights its resilience and strength within the leather sector.