Hi-Tech Gears Ltd Shows Strong Market Activity Amid Auto Ancillary Sector Gains
Hi-Tech Gears Ltd, a small-cap in the Auto Ancillary sector, reached its upper circuit limit today, with a notable intraday high. The stock's trading volume was approximately 0.05332 lakh shares, indicating strong buying interest despite a decline in delivery volume. Overall, it reflects a positive trend in the industry.
The Hi-Tech Gears Ltd, a small-cap player in the Auto Ancillary sector, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 615.35, reflecting a notable increase of 5.0% or Rs 29.3 from its previous close. This performance outpaced the sector, which gained 3.08% on the same day.The stock's trading volume stood at approximately 0.05332 lakh shares, resulting in a turnover of Rs 0.3266 crore. The last traded price matched the day's high, indicating strong buying interest. In terms of moving averages, The Hi-Tech Gears is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages.
Despite a decline in delivery volume, which fell by 84.11% compared to the 5-day average, the stock's liquidity remains adequate for trading sizes of Rs 0.01 crore. Overall, The Hi-Tech Gears Ltd's performance today highlights its resilience in the market, reflecting a positive trend within the Auto Ancillary industry.
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