Indo Borax & Chemicals Stock Hits Upper Circuit with Intraday High of Rs 242.22
Indo Borax & Chemicals Ltd experienced notable trading activity today, reaching its upper circuit limit with a significant intraday high. The stock has shown strong performance over the past two days, outpacing its sector, while total traded volume and turnover indicate active market engagement despite a decline in delivery volume.
Indo Borax & Chemicals Ltd, a player in the Commodity Chemicals sector, has shown significant activity today, hitting its upper circuit limit with an intraday high of Rs 242.22, reflecting a 5% increase. The stock's last traded price also stands at Rs 242.22, marking a notable change of Rs 11.53. The stock opened with a gain of 2.3% and has been on a positive trajectory, gaining 6.29% over the last two days. Today's performance outpaced the sector by 5.08%, highlighting its strong market position. The total traded volume reached approximately 0.49807 lakh shares, contributing to a turnover of Rs 1.20 crore.
In terms of moving averages, Indo Borax & Chemicals is performing above the 5-day, 20-day, 100-day, and 200-day averages, although it remains below the 50-day average. Despite a decline in delivery volume, which fell by 73.42% compared to the 5-day average, the stock maintains sufficient liquidity for trading.
Overall, Indo Borax & Chemicals Ltd has demonstrated robust performance today, reflecting positive momentum in the market.
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