Kothari Products Ltd Stock Hits Upper Circuit Limit at Intraday High of Rs 99.42
Kothari Products Ltd's stock surged today, hitting the upper circuit limit with a notable intraday high, reversing a seven-day decline. The trading volume reached approximately 5.27 lakh shares, indicating strong market interest, while the stock traded above multiple moving averages, highlighting positive momentum despite a drop in delivery volume.
Kothari Products Ltd, operating in the Trading & Distributors sector, has made headlines today as its stock hit the upper circuit limit, reaching an impressive intraday high of Rs 99.42, reflecting a significant price change of 13.65 points or 16.48%. The stock's performance today stands out, outperforming its sector by 18.02%, marking a notable trend reversal after seven consecutive days of decline.The trading activity was robust, with a total traded volume of approximately 5.27 lakh shares and a turnover of Rs 5.05 crore. The stock exhibited a wide trading range of Rs 17.92 throughout the day, indicating strong market interest. Notably, Kothari Products is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum in its price trajectory.
Despite a decline in delivery volume, which fell by 41.23% compared to the 5-day average, the stock remains liquid enough for trades of Rs 0.01 crore, reflecting its accessibility to investors. Overall, Kothari Products Ltd's performance today underscores a significant recovery in its stock activity, marking a pivotal moment for the company in the market.
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