Gujarat Apollo Industries Stock Hits Upper Circuit Limit with Intraday High of Rs 462.45

Gujarat Apollo Industries Ltd, a player in the industrial manufacturing sector, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 462.45, marking a notable increase of 4.99% from its previous trading session. This performance comes after the stock experienced two consecutive days of decline, indicating a potential trend reversal. The last traded price (LTP) was Rs 458.05, reflecting a change of Rs 17.6, or 4.0%. The stock's price band is set at 5%, and it traded within a range of Rs 432.0 to Rs 462.45 today. Total traded volume reached approximately 0.12292 lakh shares, resulting in a turnover of Rs 0.5603 crore. In terms of performance metrics, Gujarat Apollo Industries outperformed its sector by 4.15%, while the broader market, represented by the Sensex, saw a decline of 0.30%. The stock's moving averages indicate it is performing higher than the 5-day, 20-day, 100-day, and 200-day averages, although it remains below the 50-day moving average. Overall, Gujarat Apollo Industries has demonstrated a robust performance today, reflecting a positive shift in market sentiment.