E2E Networks Ltd Stock Hits Upper Circuit Limit at High Price of 3364.5
E2E Networks Ltd, a small-cap IT - Hardware company, saw its stock reach the upper circuit limit, closing at Rs 3,364.5. The stock outperformed its sector, achieving a notable return. Despite a decline in delivery volume, it maintained strong liquidity and demonstrated a solid market position.
E2E Networks Ltd, a small-cap player in the IT - Hardware sector, has made headlines today as its stock hit the upper circuit limit, closing at a high price of Rs 3,364.5. This marks a significant increase of Rs 160.2, translating to a 5% change for the day. The stock's performance has notably outpaced its sector, which recorded a 1D return of -0.30%, while E2E Networks achieved a robust 5% return.Throughout the trading session, the stock fluctuated between a low of Rs 3,201.0 and the aforementioned high, with a total traded volume of approximately 0.90943 lakh shares, resulting in a turnover of Rs 30.09 crore. E2E Networks is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.
Despite a decline in delivery volume, which fell by 47.67% compared to the 5-day average, the stock remains liquid enough for trades of Rs 1.33 crore based on 2% of the 5-day average traded value. Overall, E2E Networks has demonstrated a solid performance today, reflecting its strong market position within the IT - Hardware industry.
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