Flair Writing Industries Hits Upper Circuit Limit, Signaling Potential Trend Reversal
Flair Writing Industries Ltd has reached its upper circuit limit, achieving an intraday high of Rs 309.2 after two days of declines. The stock has shown strong upward momentum, trading above multiple moving averages, despite a notable drop in delivery volume. Overall, it reflects positive market sentiment.
Flair Writing Industries Ltd, a small-cap player in the miscellaneous sector, has made headlines today by hitting its upper circuit limit. The stock reached an impressive intraday high of Rs 309.2, reflecting a significant change of Rs 28.1 or 10.0% from the previous close. This surge comes after two days of consecutive declines, marking a notable trend reversal for the company.The stock opened with a gain of 2.1% and has outperformed its sector by 9.82% today. With a total traded volume of approximately 12.64 lakh shares, the turnover stood at Rs 37.95 crore. Notably, Flair Writing Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.
Despite a decline in delivery volume, which fell by 74.17% against the 5-day average, the stock remains liquid enough for trades of Rs 0.13 crore based on 2% of the 5-day average traded value. Overall, Flair Writing Industries has demonstrated robust performance today, reflecting positive market sentiment.
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