Mangalam Organics Hits Upper Circuit Limit Amid Strong Market Interest and Resilience

Mar 05 2025 01:00 PM IST
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Mangalam Organics Ltd, a microcap in the chemicals sector, reached its upper circuit limit today, achieving an intraday high of Rs 413.2. The stock has shown a positive trend, gaining 6.36% over two days, despite a significant drop in delivery volume compared to recent averages.
Mangalam Organics Ltd, a microcap player in the chemicals industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 413.2, reflecting a notable increase of 4.99% from the previous trading session. This surge comes as the stock has been on a positive trajectory, gaining 6.36% over the last two days.

Today, Mangalam Organics opened with a gap up of 3.67%, indicating strong initial interest. The total traded volume stood at approximately 0.01851 lakh shares, contributing to a turnover of Rs 0.07535 crore. Despite a decline in delivery volume, which fell by 69.68% compared to the five-day average, the stock's performance has outpaced its sector by 2.7%, with the chemicals sector itself gaining 2.35%.

In terms of moving averages, Mangalam Organics is currently positioned higher than its 20-day and 200-day averages, although it remains below its 5-day, 50-day, and 100-day averages. Overall, the stock's performance today underscores its resilience in a competitive market environment.
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