Manaksia Steels Stock Hits Upper Circuit Limit with Intraday High of Rs 63.54
Manaksia Steels Ltd has experienced notable trading activity, reaching its upper circuit limit and achieving an intraday high. The stock has gained for three consecutive days, with significant trading volume. Despite a decrease in delivery volume, it remains above key moving averages, indicating strong performance in the market.
Manaksia Steels Ltd, a player in the Ferrous Metals industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 63.54, reflecting a notable increase of 4.99% from the previous trading session. This performance is underscored by a change of Rs 1.99, translating to a percentage increase of 3.29%.The stock has been on an upward trajectory, gaining for the last three consecutive days and accumulating a total return of 5.23% during this period. Today's trading saw a total volume of approximately 0.94905 lakh shares, resulting in a turnover of Rs 0.5960034 crore.
Manaksia Steels is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks. However, it is worth noting that the delivery volume has decreased by 59.57% compared to the 5-day average, suggesting a decline in investor participation.
Overall, Manaksia Steels has outperformed its sector by 3.19% today, reflecting a robust market position amidst varying trading conditions.
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