Gujarat Lease Financing Stock Hits Upper Circuit Limit with Intraday High of Rs 8.49

Gujarat Lease Financing Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, has made headlines today by hitting its upper circuit limit with a high price of Rs 8.49. This notable performance comes despite a slight absolute change of -0.23, reflecting a percentage change of -2.84. The stock's last traded price (LTP) stands at Rs 7.86, indicating a strong market position as it outperformed its sector by 5.25%.
Throughout the trading session, Gujarat Lease Financing recorded a total traded volume of approximately 0.7969 lakh shares, resulting in a turnover of around Rs 0.065 crore. The stock has shown impressive momentum, gaining for the last seven consecutive days and achieving a remarkable 36.92% return during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting its robust performance.

However, it is worth noting a decline in investor participation, with delivery volume dropping by 84.13% compared to the 5-day average. Overall, Gujarat Lease Financing Ltd continues to demonstrate significant activity in the market, reflecting its current standing within the NBFC industry.