Indo Rama Synthetics Hits Upper Circuit with Intraday High of Rs 62.34
Indo Rama Synthetics (India) Ltd experienced significant trading activity, hitting its upper circuit limit and reaching an intraday high. The stock's performance surpassed its sector, with notable trading volume and increased investor participation, indicating strong market interest and a positive trend in its price movement.
Indo Rama Synthetics (India) Ltd, a player in the Garments & Apparels industry, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 62.34, reflecting a notable increase of 4.98% from the previous close. This performance is particularly significant as it positions the stock just 0.74% away from its 52-week high of Rs 62.8.The trading volume for the day was substantial, with a total of approximately 2.94 lakh shares exchanged, resulting in a turnover of around Rs 1.79 crore. The stock's performance today outpaced its sector by 4.51%, indicating strong market interest. Additionally, Indo Rama Synthetics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.
Investor participation has also seen an uptick, with delivery volume rising by 12.87% compared to the 5-day average. Overall, Indo Rama Synthetics has demonstrated robust performance metrics today, reflecting its solid position within the microcap segment of the market.
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