Diamond Power Infrastructure Hits Upper Circuit Limit Amid Strong Market Momentum
Diamond Power Infrastructure Ltd experienced significant trading activity, reaching its upper circuit limit and an intraday high. The stock has gained over the past four days, with notable trading volume and turnover. It is currently positioned above key moving averages, reflecting strong market momentum despite a decline in delivery volume.
Diamond Power Infrastructure Ltd, a mid-cap player in the Other Electrical Equipment industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 146.45, reflecting a 5% increase from its previous trading session. The last traded price was Rs 146.26, marking an absolute change of Rs 6.78, or a percentage change of 4.86%.The stock has been on a positive trajectory, gaining for the last four consecutive days and delivering a total return of 4.01% during this period. In terms of trading volume, approximately 44.52 lakh shares were exchanged, resulting in a turnover of Rs 64.49 crore. Notably, Diamond Power Infrastructure is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.
Despite a decline in delivery volume, which fell by 64.94% compared to the 5-day average, the stock remains liquid enough for trades of Rs 2.5 crore based on 2% of the 5-day average traded value. Overall, Diamond Power Infrastructure's performance today underscores its robust market position within the sector.
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