Godavari Biorefineries Stock Hits Upper Circuit Limit with Intraday High of Rs 263
Godavari Biorefineries Ltd, a small-cap player in the FMCG sector, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 263, reflecting a significant change of Rs 23.9 or 10.0% from the previous close. This performance outpaced the sector, which recorded a mere 0.24% increase, and the broader market, represented by the Sensex, which rose by 0.51%.The stock opened with a gain of 2.01% and traded within a wide range of Rs 24.9 throughout the day. Total traded volume stood at approximately 2.19 lakh shares, contributing to a turnover of Rs 5.51 crore. Notably, Godavari Biorefineries has been on a positive trajectory, gaining 13.24% over the last two days.
Despite a decline in delivery volume, which fell by 55.42% compared to the five-day average, the stock remains liquid enough for trades of Rs 0.05 crore. Overall, Godavari Biorefineries Ltd's performance today highlights its strong market position and resilience in the FMCG industry.
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