Mangalam Organics Ltd Achieves Significant Stock Surge Amid Declining Investor Participation

Jun 17 2025 03:00 PM IST
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Mangalam Organics Ltd's stock reached an intraday high of Rs 595.55, hitting the upper circuit limit. Despite an initial loss, the stock gained over the last two days and traded above key moving averages, although investor participation has declined. The total traded volume was approximately 0.11666 lakh shares.
Mangalam Organics Ltd, a player in the commodity chemicals sector, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 595.55. This marks a significant change of Rs 28.35, translating to a 5% increase from the previous trading session. The stock's performance has notably outpaced its sector, outperforming by 4.52% today.

Despite opening with a loss of 2.68%, Mangalam Organics has shown resilience, gaining 6.54% over the last two days. The stock traded within a price band of 5%, with a low of Rs 552. The total traded volume for the day was approximately 0.11666 lakh shares, resulting in a turnover of Rs 0.684 crore.

In terms of moving averages, Mangalam Organics is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. However, it is worth noting that investor participation has seen a decline, with delivery volume dropping significantly compared to the previous five-day average.

Overall, Mangalam Organics Ltd has demonstrated robust performance today, reflecting positive momentum in the market.
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