CIAN Agro Industries Surges 5% Amid Strong Buying Activity and Sector Optimism
The stock opened with a gap down of 4.99% but quickly rebounded, reaching an intraday high of Rs 466.4. The intraday low was recorded at Rs 422.05. CIAN Agro's performance over the past year is particularly noteworthy, with a staggering increase of 1036.18%, while the Sensex has only risen by 9.17% during the same period.
The buying pressure may be attributed to positive sentiment in the edible oil sector, which has seen a gain of 3.28%. Additionally, CIAN Agro is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend in its price performance.
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