Garuda Construction Experiences Surge in Trading Activity and Market Engagement
Garuda Construction and Engineering Ltd has seen significant trading activity, with nearly 25 million shares exchanged and a notable increase in its stock price. The company achieved a new 52-week high and demonstrated strong performance over the past five days, indicating heightened investor interest in the construction sector.
Garuda Construction and Engineering Ltd, a small-cap player in the construction industry, has emerged as one of the most active equities today, with a total traded volume of 24,981,160 shares and a total traded value of Rs 42.10 crores. The stock opened at Rs 152.0 and reached a day high of Rs 178.6, reflecting a significant intraday gain of 15.92%. The last traded price stands at Rs 177.21, marking a notable increase from the previous close of Rs 150.1.Garuda's performance today has outpaced its sector by 14.53%, contributing to a consecutive gain over the last five days, during which the stock has appreciated by 27.16%. The stock has also achieved a new 52-week high of Rs 174 today. Trading has been characterized by high volatility, with an intraday volatility of 5.02%.
Investor participation appears to be rising, as evidenced by a delivery volume of 1.25 million shares on July 17, which is an 8.26% increase compared to the five-day average. With a market capitalization of Rs 1,611.95 crores, Garuda Construction and Engineering continues to demonstrate robust trading activity and performance metrics. Overall, the stock's performance today reflects strong market engagement and positive momentum within the construction sector.
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