Coastal Roadways Ltd Surges 21.52% Weekly Amid Strong Buying Activity

Coastal Roadways Ltd is currently witnessing significant buying activity, with the stock gaining 4.99% today, outperforming the Sensex, which rose by only 0.48%. Over the past week, Coastal Roadways has shown remarkable performance, with a 21.52% increase, while the Sensex declined by 1.27%. This trend continues over a month, with the stock up 27.57% compared to the Sensex's modest gain of 1.89%.
The stock has been on a positive trajectory, recording consecutive gains for the last four days, contributing to a total return of 21.52% during this period. Notably, Coastal Roadways opened with a gap up of 4.99% today and reached an intraday high of Rs 38.91, maintaining this price throughout the trading session.

Despite some erratic trading patterns, with the stock not trading on two days out of the last 20, it remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This consistent performance may indicate underlying factors driving the current buying pressure in the microcap transport services sector.