Garuda Construction Shows Strong Trading Activity Amid Positive Market Momentum

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 21,548,098 shares and a total traded value of approximately Rs 37.87 crores. The stock opened at Rs 165.8 and reached a day high of Rs 180, closing at Rs 176.9, which is just 2.61% shy of its 52-week high.
Garuda's performance today has outpaced its sector, showing a 0.96% return compared to a sector decline of 0.67%. Notably, the stock has been on a positive trajectory, gaining for the last seven consecutive days and achieving a remarkable 30.7% return during this period. The weighted average price indicates that more volume was traded closer to the low price, suggesting active trading dynamics.

Investor participation has also seen a rise, with delivery volume on July 21 reaching 263,900 shares, an increase of 28.48% compared to the five-day average. Furthermore, Garuda is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. With a market capitalization of Rs 1,625 crores, Garuda Construction and Engineering continues to demonstrate robust liquidity, making it a notable entity in the market today.