Kavveri Defence Stock Hits Upper Circuit Limit with Intraday High of Rs 155.12
Kavveri Defence & Wireless Technologies Ltd has reached its upper circuit limit, hitting an intraday high of Rs 155.12. The stock has shown impressive performance, achieving a 191.03% return over the past 14 days. Despite a decline in investor participation, it remains above key moving averages.
Kavveri Defence & Wireless Technologies Ltd, a microcap player in the Telecom Equipment & Accessories industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 155.12, marking a significant 5% increase from its previous close. This performance is particularly noteworthy as it has outperformed its sector by 5.17%.The stock opened the day with a gap up of 5% and has maintained its trading price at Rs 155.12 throughout the session. Over the past 14 days, Kavveri Defence has shown remarkable resilience, achieving a staggering 191.03% return during this period. The total traded volume today was approximately 0.7613 lakh shares, resulting in a turnover of Rs 1.18 crore.
In terms of moving averages, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. However, it is worth noting that investor participation has seen a decline, with delivery volume dropping significantly compared to the 5-day average.
Overall, Kavveri Defence & Wireless Technologies Ltd has demonstrated robust performance today, reflecting its strong market position within the telecom sector.
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