Likhitha Infrastructure Opens Strong with 8.53% Gain Amid High Volatility

Likhitha Infrastructure, a small-cap player in the construction industry, has shown significant activity today, opening with a notable gain of 8.53%. The stock reached an intraday high of Rs 302.9, reflecting a strong performance that outpaced its sector by 1.01%.
Despite this positive movement, the stock has exhibited high volatility, with an intraday fluctuation of 5.34%. In terms of moving averages, Likhitha Infrastructure is currently positioned higher than its 50-day and 100-day averages, yet remains below its 5-day, 20-day, and 200-day averages.

Over the past day, Likhitha Infrastructure has recorded a performance increase of 2.67%, compared to the Sensex's rise of 1.02%. In the past month, the stock has gained 6.58%, while the Sensex has only increased by 1.24%.

Technical indicators present a mixed picture, with the MACD showing mildly bullish signals on a weekly basis but mildly bearish on a monthly basis. The stock's beta of 1.35 indicates it is a high beta stock, suggesting it tends to experience larger price movements relative to the market.