Mcleod Russel India Ltd Sees Increased Trading Activity Amid Positive Market Trends
Mcleod Russel India Ltd, a microcap in the Tea/Coffee sector, reached its upper circuit limit today, with significant trading activity. The stock has gained over the past three days, despite a decline in investor participation. Its performance indicates a positive trend within the industry.
Mcleod Russel India Ltd, a microcap player in the Tea/Coffee industry, has experienced significant activity today, hitting its upper circuit limit with a high price of Rs 35.23. The stock recorded a change of Rs 0.28, reflecting a percentage increase of 0.83%. The last traded price stood at Rs 33.84, with a notable intraday low of Rs 33.70.Today's trading saw a total volume of approximately 3.89 lakh shares, resulting in a turnover of around Rs 1.34 crore. The stock has shown a positive trend, gaining for the last three consecutive days and achieving a total return of 10.94% during this period.
In terms of moving averages, Mcleod Russel's performance is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day averages. However, there has been a decline in investor participation, with delivery volume dropping by nearly 50% compared to the 5-day average.
Overall, Mcleod Russel India Ltd's performance today reflects a strong upward movement, aligning well with sector trends and showcasing its market position effectively.
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