Kridhan Infra Stock Hits Upper Circuit Limit with High Price of Rs 4.03

Kridhan Infra Ltd, a microcap player in the construction industry, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 4.03, reflecting a notable increase of 4.95% or an absolute change of Rs 0.19. This performance marks a significant turnaround for the stock, which had experienced four consecutive days of decline prior to today.
In terms of trading activity, Kridhan Infra recorded a total traded volume of approximately 0.37017 lakh shares, resulting in a turnover of Rs 0.01458 crore. The stock's price band is set at 5%, indicating a robust trading environment. Notably, the stock has outperformed its sector by 5.37%, contrasting with the sector's 1D return of -0.40% and the Sensex's 1D return of 0.45%.

While the stock is currently trading above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume dropping significantly compared to the 5-day average.

Overall, Kridhan Infra's performance today highlights a positive shift in momentum, as it navigates through recent challenges in the market.