Kavveri Defence Stock Hits Upper Circuit Limit with Intraday High of Rs 127.63
Kavveri Defence & Wireless Technologies Ltd experienced significant trading activity today, reaching its upper circuit limit with a notable intraday high. The stock maintained strong market interest, outperforming its sector and showing impressive returns over the past ten days, while remaining liquid despite a decline in delivery volume.
Kavveri Defence & Wireless Technologies Ltd, a microcap player in the Telecom Equipment & Accessories industry, has shown remarkable activity today, hitting its upper circuit limit with a notable intraday high of Rs 127.63. The stock experienced a change of Rs 6.07, reflecting a percentage increase of 4.99%. Trading activity was robust, with a total traded volume of approximately 1.13 lakh shares, resulting in a turnover of around Rs 1.44 crore. The stock opened with a gain of 4.99% and has maintained its price at Rs 127.63 throughout the trading session, indicating strong market interest.
Kavveri Defence has outperformed its sector by 5.82% today and has shown impressive performance over the past ten days, with returns soaring by 139.46%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend.
Despite a decline in delivery volume, the stock remains liquid enough for trading, with a delivery volume of 66.72k shares noted on September 23. Overall, Kavveri Defence & Wireless Technologies Ltd has demonstrated significant momentum in today's trading session.
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