IRM Energy Experiences Surge in Trading Volume and Strong Market Performance

IRM Energy Ltd, a microcap company in the gas industry, has emerged as one of the most active equities today, with a total traded volume of 6,965,085 shares and a total traded value of approximately Rs 252.96 lakhs. The stock opened at Rs 338.0, reflecting a gain of 2.39% from the previous close of Rs 330.1, and reached an intraday high of Rs 375.7, marking a notable increase of 12.51% during the trading session.
Over the past four days, IRM Energy has demonstrated a strong performance, gaining 34.62% in returns. The stock has consistently outperformed its sector by 11.82%, indicating robust market positioning. It has also shown resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Investor participation has surged, with a delivery volume of 661,000 shares on September 17, reflecting a staggering increase of 2,946.14% compared to the 5-day average delivery volume. The stock's liquidity remains favorable, accommodating trade sizes of Rs 0.41 crore based on 2% of the 5-day average traded value. Overall, IRM Energy's performance today highlights its active market engagement and positive momentum.