Gujarat Lease Financing Hits Upper Circuit Limit with High Price of Rs 8.09
Gujarat Lease Financing Ltd, a microcap in the NBFC sector, reached its upper circuit limit today, reflecting strong market activity. The stock has gained for five consecutive days, accumulating a total return of 24.46%. Trading volume surged significantly, indicating positive investor sentiment and robust momentum.
Gujarat Lease Financing Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, has shown remarkable activity today as it hit its upper circuit limit. The stock reached a high price of Rs 8.09, reflecting a change of Rs 0.38, or a 4.93% increase. This performance is notable as it outperformed its sector, which only saw a 1D return of 0.25%. The stock has been on a positive trajectory, gaining for the last five consecutive days and accumulating a total return of 24.46% during this period. Additionally, Gujarat Lease Financing is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.
Today's trading volume reached approximately 0.14783 lakh shares, with a turnover of Rs 0.01196 crore. The delivery volume on October 24 was recorded at 84.68 thousand shares, marking a significant increase of 337.97% compared to the 5-day average delivery volume.
In summary, Gujarat Lease Financing Ltd's performance today highlights its strong market position and positive investor sentiment, as evidenced by its recent gains and trading metrics.
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