Gujarat Apollo Industries Hits Upper Circuit Limit Amid Strong Market Interest
Gujarat Apollo Industries Ltd experienced notable trading activity, reaching an intraday high and hitting its upper circuit limit. The stock demonstrated strong market interest with significant turnover, trading above multiple moving averages. Despite a slight decline in delivery volume, it outperformed its sector, indicating positive market sentiment.
Gujarat Apollo Industries Ltd, a player in the industrial manufacturing sector, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 499.85, reflecting a 5% increase within the trading session. This performance marks a notable change of Rs 23.75, or 4.99%, from the previous close.The total traded volume for the day stood at approximately 0.5601 lakh shares, resulting in a turnover of around Rs 2.77 crore. The stock's last traded price was Rs 499.80, indicating strong market interest. Gujarat Apollo Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust upward trend in its price performance.
Despite a slight decline in delivery volume, which fell by 16.91% against the 5-day average, the stock remains liquid enough for trades of Rs 0.01 crore, based on 2% of the 5-day average traded value. Overall, Gujarat Apollo Industries has outperformed its sector by 5.35% today, reflecting a positive sentiment in the market.
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