IFGL Refractories Stock Hits Upper Circuit Limit with Intraday High of Rs 298.6
IFGL Refractories Ltd experienced notable trading activity, reaching its upper circuit limit and achieving an intraday high. The stock demonstrated a significant performance improvement, outperforming its sector and indicating a trend reversal. Despite a decline in delivery volume, it maintained strong liquidity and upward momentum across various moving averages.
IFGL Refractories Ltd, a small-cap player in the Electrodes & Refractories industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 298.6, reflecting a significant change of Rs 48.36 or 19.43% from the previous close. This performance stands out as the stock outperformed its sector by 17.18%, marking a trend reversal after two consecutive days of decline.The stock traded within a wide range of Rs 52.4, with a low of Rs 246.2. Total traded volume reached approximately 76.99 lakh shares, resulting in a turnover of Rs 222.66 crore. Notably, IFGL Refractories is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward momentum.
Despite a decline in delivery volume, which fell by 62.13% against the 5-day average, the stock remains liquid enough for trades of Rs 0.1 crore based on 2% of the 5-day average traded value. Overall, IFGL Refractories Ltd's performance today highlights a significant recovery and strong market presence in its sector.
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