Coastal Corporation Stock Hits Upper Circuit Limit with Intraday High of Rs 44.8
Coastal Corporation Ltd, a microcap player in the FMCG sector, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 44.8, reflecting a significant increase of 19.98% from the previous close. This surge contributed to an absolute change of Rs 7.25, resulting in a percentage change of 19.42%.The stock opened with a notable gain of 15.16% today and has been on an upward trajectory, gaining 20.27% over the last two days. Coastal Corporation's performance has outpaced its sector, outperforming the aquaculture industry by 13.83%. The total traded volume for the day was approximately 22.97 lakh shares, with a turnover of Rs 10.24 crore.
Additionally, Coastal Corporation is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Despite a decline in delivery volume, the stock remains liquid enough for trading activities.
Overall, Coastal Corporation's performance today highlights its strong market position and positive momentum within the FMCG sector.
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