Mahamaya Steel Industries Stock Hits Upper Circuit Limit at Intraday High of Rs 766.95
Mahamaya Steel Industries Ltd, a microcap in the Iron & Steel Products sector, reached a new 52-week high today, reflecting strong trading momentum. The stock has gained significantly over the past week, with increased delivery volume indicating heightened investor interest and solid performance compared to its sector.
Mahamaya Steel Industries Ltd, a microcap player in the Iron & Steel Products sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 766.95, reflecting a 4.9% increase from the previous close. This performance is notable as it marks a new 52-week high for the company, which has been on a positive trajectory, gaining 27.42% over the last six days.The stock opened with a gain of 3.26% today and has outperformed its sector by 1.42%. With a last traded price of Rs 760.00, Mahamaya Steel has demonstrated strong trading momentum, supported by a total traded volume of 0.10247 lakh shares and a turnover of approximately Rs 0.78 crore.
Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. The delivery volume has also seen a significant rise, increasing by 25.93% compared to the 5-day average, suggesting heightened investor participation.
Overall, Mahamaya Steel Industries Ltd's performance today underscores its strong market position and positive momentum within the iron and steel sector.
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