Gayatri Highways Stock Hits Upper Circuit Limit with High Price of Rs 3.64

Gayatri Highways Ltd, a microcap player in the transport infrastructure sector, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 3.64, reflecting a notable change of Rs 0.17, or 4.9%, from the previous trading session. This performance is particularly impressive as it outperformed its sector, which recorded a mere 0.55% return, and the broader Sensex, which saw a 0.41% increase.
The stock has shown consistent upward momentum, gaining for the last two days and accumulating a total return of 9.97% during this period. Notably, the total traded volume today was approximately 0.94218 lakh shares, with a turnover of Rs 0.0343 crore. The delivery volume on October 15 surged to 5.35 lakh shares, marking a staggering increase of 1218.89% compared to the five-day average.

In terms of moving averages, Gayatri Highways is currently positioned above the 20-day, 50-day, 100-day, and 200-day averages, although it remains below the 5-day average. Overall, the stock's performance today underscores its strong market position and rising investor participation, reflecting a positive trend in its trading activity.