Kanpur Plastipack Hits Upper Circuit Limit, Signaling Strong Market Momentum in Packaging Sector

May 14 2025 03:00 PM IST
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Kanpur Plastipack Ltd, a microcap in the packaging sector, reached its upper circuit limit today, achieving a notable intraday high. The stock demonstrated strong market activity with significant trading volume and turnover, while also trading above multiple moving averages, indicating a positive trend and increased investor participation.
Kanpur Plastipack Ltd, a microcap player in the packaging industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 175.26, reflecting a significant price change of Rs 25.56, or 17.5%. This performance marks a notable achievement as the stock has outperformed its sector by 14.87% and has shown a remarkable 39.58% increase over the past five days.

The stock traded within a wide range of Rs 29.26 today, with a total traded volume of approximately 10.55 lakh shares, resulting in a turnover of Rs 17.81 crore. The last traded price stood at Rs 171.61, indicating strong market activity. Additionally, Kanpur Plastipack is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a robust upward trend.

Investor participation has also seen a rise, with delivery volume increasing by 10.83% compared to the 5-day average. Overall, Kanpur Plastipack's performance today highlights its strong position in the market and reflects positive momentum within the packaging sector.
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