Indo Rama Synthetics Stock Hits Upper Circuit Limit with Intraday High of Rs 72.36

Indo Rama Synthetics (India) Ltd, a player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 72.36, reflecting a significant change of Rs 9.66 or 16.02% from its previous close. The stock opened with a gain of 2.01% and has been on an upward trajectory for the last four days, accumulating a total return of 14.89% during this period.
Today's trading saw a total volume of 27.03 lakh shares, resulting in a turnover of approximately Rs 18.48 crore. The stock has demonstrated high volatility, with an intraday volatility of 10.07%. Notably, Indo Rama Synthetics is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to its historical trends.

Additionally, the stock has outperformed its sector by 8.99%, while the broader market, represented by the Sensex, recorded a modest gain of 0.57%. With a market capitalization of Rs 1,889.41 crore, Indo Rama Synthetics continues to attract attention in the microcap segment. Overall, the stock's performance today underscores its positive momentum in the market.