Centrum Capital Experiences Surge in Trading Activity Amid Strong Market Interest
Centrum Capital Ltd, a small-cap NBFC, reached its upper circuit limit today, with significant trading activity and a notable intraday high. The stock has gained over the past two days, showing strong market interest and robust liquidity, while trading above multiple moving averages, indicating positive momentum.
Centrum Capital Ltd, a small-cap player in the Non-Banking Financial Company (NBFC) sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 40.27, reflecting a significant change of Rs 1.91 or 4.98% from the previous close. This performance is noteworthy as it outperformed its sector by 2.34%, indicating strong market interest.The stock opened with a gain of 2.63% and has been on a positive trajectory, gaining for the last two days with a cumulative return of 5.96%. Today's trading saw a total volume of approximately 3.59 lakh shares, resulting in a turnover of Rs 1.42 crore. The stock's liquidity remains robust, with delivery volume increasing by 41.54% compared to the five-day average.
Centrum Capital is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. Overall, the stock's performance today highlights its resilience and positive momentum in the market.
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