GRP Ltd Experiences Significant Stock Surge Amidst Market Recovery in Rubber Sector

GRP Ltd, a small-cap player in the Rubber Products industry, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 2996.1, reflecting a significant gain of 10% from its previous close. This surge marks a notable turnaround for GRP, which had experienced two consecutive days of decline prior to today’s performance.
The stock's last traded price (LTP) stands at Rs 2902.0, with a change of Rs 178.2, translating to a percentage increase of 6.54%. The total traded volume for the day was approximately 0.04319 lakh shares, resulting in a turnover of Rs 1.27 crore. GRP has outperformed its sector, which gained 3.81%, and has also surpassed the broader market, with the Sensex returning 2.46% on the same day.

Despite a decline in delivery volume, which fell by 45.01% against the five-day average, GRP's performance today indicates a strong rebound. The stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, although it is below the 200-day moving average. Overall, GRP Ltd's performance today highlights a significant recovery in the stock's trajectory within the competitive landscape of the Rubber Products sector.