IRIS Business Services Ltd Achieves Upper Circuit Limit Amid Strong Trading Activity
IRIS Business Services Ltd's stock reached an intraday high of Rs 393.35, hitting the upper circuit limit. The company has shown consistent performance, with significant gains over the past two days. Trading volume was notable, despite a decline in delivery volume, indicating strong market activity.
IRIS Business Services Ltd, a microcap player in the Software Products industry, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 393.35. This marks a significant change of Rs 18.7, translating to a 4.99% increase from the previous trading session. The stock has shown consistent performance, gaining 6.05% over the last two days and outperforming its sector by 5.16%.The trading activity today saw a total volume of 0.898 lakh shares, resulting in a turnover of approximately Rs 3.51 crore. Notably, IRIS Business Services is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.
Despite a decline in delivery volume, which fell by 63.93% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.12 crore based on 2% of the 5-day average traded value. Overall, IRIS Business Services Ltd's performance today reflects a robust market position and positive momentum in its trading activity.
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