Khaitan Chemicals & Fertilizers Shows Strong Market Performance Amid Trend Reversal

Khaitan Chemicals & Fertilizers Ltd, a microcap player in the fertilizers industry, has shown significant activity today, hitting its upper circuit limit with a high price of 87.86. The stock experienced a notable change of 4.18, reflecting a percentage increase of 5.0. This performance comes after a trend reversal, as the stock gained after two consecutive days of decline.
In terms of trading metrics, Khaitan Chemicals recorded a total traded volume of 0.67851 lakh shares, resulting in a turnover of approximately Rs 0.5889 crore. The stock's last traded price stands at 87.86, which is above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

Despite a slight decline in delivery volume, which fell by 1.67% against the 5-day average, the stock remains liquid enough for trades of Rs 0.03 crore based on 2% of the 5-day average traded value. Overall, Khaitan Chemicals & Fertilizers has outperformed its sector by 4.07% today, showcasing a robust performance in the market.