Manaksia Steels Stock Hits Upper Circuit Limit with Intraday High of Rs 61.45

Manaksia Steels Ltd, a player in the Ferrous Metals industry, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 61.45, reflecting a positive change of Rs 1.72 or 2.94% from its last traded price of Rs 60.25. The stock's performance today included an intraday low of Rs 57.26, indicating a volatile trading session.
Total traded volume stood at approximately 0.16899 lakh shares, contributing to a turnover of Rs 0.10065 crore. Despite this upward movement, the stock underperformed its sector by 1.28%, and it opened with a gap down of 2.17%. The weighted average price suggests that more volume was traded closer to the low price, indicating some selling pressure.

In terms of moving averages, Manaksia Steels is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, delivery volume has seen a decline of 47.47% compared to the 5-day average, suggesting a decrease in investor participation.

Overall, Manaksia Steels Ltd's performance today highlights a notable achievement in reaching its upper circuit limit, while also reflecting some challenges in trading dynamics.