Kritika Wires Ltd Hits Upper Circuit Limit Amid Strong Market Interest and Activity
Kritika Wires Ltd, a microcap in the Steel/Sponge Iron/Pig Iron sector, reached its upper circuit limit today, with a notable increase in stock price. The trading volume was approximately 1.84 lakh shares, and the stock's performance outpaced its sector, indicating strong market interest and positive momentum.
Kritika Wires Ltd, a microcap player in the Steel/Sponge Iron/Pig Iron industry, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 9.71, reflecting a notable change of Rs 0.46, or 4.97%, from the previous trading session. The stock's performance today has outperformed its sector by 4.25%, indicating strong market interest.Throughout the trading day, Kritika Wires recorded a total traded volume of approximately 1.84 lakh shares, resulting in a turnover of Rs 0.1789 crore. The stock's low price for the day was Rs 9.44, showcasing a tight price band of 5%.
In terms of moving averages, Kritika Wires is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. The liquidity of the stock is deemed sufficient for trades of Rs 0.02 crore, based on 2% of the 5-day average traded value.
Overall, Kritika Wires Ltd has demonstrated robust performance today, reflecting positive momentum in the market.
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