IRIS Business Services Stock Hits Upper Circuit Limit with Intraday High of Rs 388.1
IRIS Business Services Ltd has shown strong market activity, reaching its upper circuit limit with a notable intraday high. The stock has performed well over the past week, significantly outperforming its sector, and has seen a substantial increase in delivery volume, indicating heightened investor interest.
IRIS Business Services Ltd, a microcap player in the Software Products industry, has experienced significant activity today, hitting its upper circuit limit with an intraday high of Rs 388.1, reflecting a notable increase of 4.99%. The stock's last traded price also stands at Rs 388.1, marking an absolute change of Rs 18.45. The stock opened with a gap up of 4.38% and has shown impressive performance over the past six days, accumulating a total return of 22.99%. Today's trading saw a total volume of approximately 0.07197 lakh shares, resulting in a turnover of Rs 0.2789 crore.
IRIS Business Services has outperformed its sector by 4.21%, with a narrow trading range of just Rs 2.25 throughout the day. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, delivery volume has surged by 173.12% compared to the 5-day average, suggesting rising investor participation.
Overall, IRIS Business Services Ltd has demonstrated robust performance metrics today, reflecting positive momentum in the market.
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