Kridhan Infra Ltd Stock Surges, Signaling Resilience in Competitive Construction Sector
Kridhan Infra Ltd, a microcap construction firm, experienced significant trading activity as its stock reached the upper circuit limit. With a total volume of approximately 1.4 lakh shares, the stock demonstrated resilience despite a notable drop in delivery volume, outperforming sector and market benchmarks.
Kridhan Infra Ltd, a microcap player in the construction industry, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 3.99, reflecting a notable change of Rs 0.19, or a 5.0% increase. This performance outpaced the sector's return of 0.97% and the Sensex's return of 0.75%, indicating a strong position within its market segment.The total traded volume for Kridhan Infra today was approximately 1.4 lakh shares, with a turnover of Rs 0.0558 crore. Despite a significant drop in delivery volume, which fell by 89.57% compared to the five-day average, the stock remains liquid enough for trading activities.
In terms of moving averages, Kridhan Infra's stock is performing higher than its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. Overall, the stock's performance today highlights its resilience and ability to attract attention in a competitive market environment.
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