Kirloskar Oil Engines Surges 6.83% with Rs 31.15 Crore in Trade Value Today
Kirloskar Oil Engines Ltd has become one of the most actively traded stocks, with a volume of nearly 2.93 million shares and a market capitalization of Rs 15,633.76 crore. The stock has shown a positive shift in momentum, trading above key moving averages despite a decrease in investor participation.
Kirloskar Oil Engines Ltd (KIRLOSENG), a small-cap player in the Compressors, Pumps & Diesel Engines industry, has emerged as one of the most active equities today, with a total traded volume of 2,930,488 shares and a total traded value of approximately Rs 31.15 crore. The stock opened at Rs 1,010.0, reflecting a significant gain of 6.83% from the previous close of Rs 945.4. Throughout the trading session, it reached a day high of Rs 1,085.0, marking an impressive intraday increase of 13.18%.Notably, Kirloskar Oil has outperformed its sector by 11.94%, reversing a trend of five consecutive days of decline. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive shift in momentum. However, it is worth mentioning that investor participation has decreased, with delivery volume dropping by 72.34% compared to the 5-day average.
With a market capitalization of Rs 15,633.76 crore, Kirloskar Oil Engines continues to demonstrate notable activity in the market, reflecting its current performance dynamics.
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