Madhucon Projects Ltd Stock Hits Upper Circuit Limit at Rs 7.62, Up 4.96%
Madhucon Projects Ltd, a microcap construction firm, reached its upper circuit limit today, trading at Rs 7.62. The stock outperformed its sector, with a total traded volume of approximately 0.6688 lakh shares. However, investor participation declined significantly, as delivery volume dropped by nearly 90% compared to the previous week.
Madhucon Projects Ltd, a microcap company in the construction industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 7.62. The stock experienced a positive change of Rs 0.36, translating to a 4.96% increase, outperforming its sector, which only saw a 0.10% return. The stock's performance metrics indicate a total traded volume of approximately 0.6688 lakh shares, resulting in a turnover of around Rs 0.0504 crore. The price band for the day was set at 5%, with the stock trading between a low of Rs 7.20 and the high of Rs 7.62.
In terms of moving averages, Madhucon Projects is performing better than its 20-day, 50-day, and 100-day averages, although it remains below its 5-day and 200-day averages. Notably, investor participation has seen a decline, with delivery volume dropping by 89.87% compared to the 5-day average.
Overall, Madhucon Projects Ltd's performance today reflects a strong upward movement, marking a notable day for the stock within the construction sector.
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