Jayaswal Neco Industries Sees 8 Million Shares Traded, Leading Volume on October 20

Jayaswal Neco Industries Ltd, a small-cap player in the Iron & Steel Products sector, has emerged as one of the most active equities today, with a total traded volume of 8,018,878 shares and a total traded value of approximately Rs 57.53 crore. The stock opened at Rs 70.5, reflecting a gain of 3.8% from the previous close of Rs 67.92, and reached an intraday high of Rs 73.5, marking an increase of 8.22% during the trading session.
Notably, Jayaswal Neco is currently trading 4.84% below its 52-week high of Rs 75.8 and has outperformed its sector by 6.91% today. After experiencing two consecutive days of decline, the stock has shown signs of a trend reversal. The weighted average price indicates that a significant volume was traded closer to the low price, suggesting active trading behavior.

Additionally, the stock's liquidity remains robust, with a delivery volume of 86.94 lakh shares on October 17, reflecting a 160.67% increase compared to the five-day average. Jayaswal Neco is also trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks. Overall, the stock's activity today highlights a notable rebound and increased investor participation in the market.