Indo Rama Synthetics Hits Upper Circuit Limit Amid Strong Market Activity
Indo Rama Synthetics (India) Ltd experienced significant trading activity today, reaching its upper circuit limit with a notable intraday high. The stock demonstrated strong market interest, trading above various moving averages, despite a decline in delivery volume. Overall, it showcased a positive trend within the Garments & Apparels sector.
Indo Rama Synthetics (India) Ltd, a small-cap player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 51.6, reflecting a significant price change of Rs 3.16, or 7.35%. This performance outpaced the sector by 8.45%, indicating strong market interest.The stock traded within a wide range of Rs 8.43, with a last traded price of Rs 46.16. Total traded volume stood at approximately 35.05 lakh shares, resulting in a turnover of Rs 17.58 crore. Notably, Indo Rama Synthetics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a positive trend in its price performance.
Despite a decline in delivery volume, which fell by 62.26% compared to the 5-day average, the stock remains liquid enough for trading activities. Overall, Indo Rama Synthetics has demonstrated a strong performance today, reflecting its position within the market and the Garments & Apparels sector.
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