Eimco Elecon Stock Hits Upper Circuit Limit with Intraday High of Rs 2301

Eimco Elecon (India) Ltd, a microcap player in the industrial manufacturing sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 2301, reflecting a significant change of Rs 383.5, or 20%, from the previous close. This impressive performance comes as the stock has been on a consistent upward trajectory, gaining 33.61% over the past five days.
Trading activity has been robust, with a total traded volume of approximately 17.84 lakh shares and a turnover of Rs 387.05 crore. The stock opened with a notable gain of 9.52% today, indicating strong market interest. Eimco Elecon has demonstrated high volatility, with an intraday volatility of 6.12%, and has traded within a wide range of Rs 292.6 throughout the day.

In terms of moving averages, Eimco Elecon is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, showcasing a strong performance relative to its historical trends. The stock's liquidity remains favorable, with delivery volume increasing by 143.7% compared to the 5-day average. Overall, Eimco Elecon's performance today highlights its strong market position and investor engagement.