Jayaswal Neco Industries Trades 24.4 Million Shares, Surges 10% to New High

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 24,423,463 shares and a total traded value of approximately Rs 187.33 crores. The stock opened at Rs 72.4 and reached a new 52-week high of Rs 78.76, reflecting a notable intraday increase of 10%. The last traded price stands at Rs 78.1.
In terms of performance, Jayaswal Neco Industries has outperformed its sector by 9.08%, while the broader market, represented by the Sensex, saw a decline of 0.21%. 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 in its price trajectory.

However, it is worth noting that investor participation has seen a decline, with delivery volume on October 23 falling by 31.87% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of up to Rs 1.74 crores, based on 2% of the 5-day average traded value. Overall, Jayaswal Neco Industries has demonstrated significant activity and resilience in today's trading session.