Kriti Industries Hits Upper Circuit Limit Amid Declining Delivery Volume Trends
Kriti Industries (India) Ltd has reached its upper circuit limit, hitting an intraday high of Rs 110 with a traded volume of approximately 0.25552 lakh shares. Despite this performance, the stock has underperformed its sector and experienced a significant decline in delivery volume compared to recent averages.
Kriti Industries (India) Ltd, a player in the plastic products sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 110, reflecting a notable change of Rs 5.11 or 4.99% from its last traded price of Rs 107.42. This performance comes amid a total traded volume of approximately 0.25552 lakh shares, resulting in a turnover of Rs 0.2686 crore.Despite the positive movement, the stock has underperformed its sector by 0.59% today. It opened with a gain of 2.4%, indicating a strong start to the trading session. However, it is important to note that the stock's delivery volume has seen a significant decline, falling by 67.14% compared to the five-day average.
In terms of moving averages, Kriti Industries is currently positioned above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages. The market capitalization stands at Rs 519 crore, categorizing it as a microcap stock. Overall, Kriti Industries has shown resilience in today's trading, reflecting its current market dynamics.
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