Lumax Auto Technologies Hits Upper Circuit Limit Amid Strong Market Momentum
Lumax Auto Technologies Ltd, a small-cap in the Auto Components & Equipments sector, reached its upper circuit limit today, with significant trading activity. The stock recorded a wide price range and notable volume, outperforming its sector and demonstrating strong performance across various moving averages, indicating positive market momentum.
Lumax Auto Technologies Ltd, a small-cap player in the Auto Components & Equipments industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 1175.5, reflecting a significant increase of 9.99% from its previous levels. This surge comes as the stock recorded a change of Rs 81.4, translating to a 7.62% increase.Throughout the trading session, Lumax Auto Technologies experienced a wide price range of Rs 118.7, with a low of Rs 1056.8. The total traded volume stood at approximately 1.66 lakh shares, resulting in a turnover of Rs 18.72 crore. Notably, the stock has outperformed its sector by 5.08% and has been on a positive trajectory, gaining 9.66% over the last three days.
In terms of moving averages, Lumax Auto Technologies is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong performance trend. The auto ancillary sector itself has also seen a gain of 2.44%. Overall, Lumax Auto Technologies Ltd's performance today highlights its robust market position and positive momentum in the current trading environment.
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