Mcleod Russel India Ltd Hits Upper Circuit Limit Amid Potential Trend Reversal

May 12 2025 10:01 AM IST
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Mcleod Russel India Ltd, a microcap in the Tea/Coffee sector, reached its upper circuit limit today, marking a notable intraday high. The stock showed increased trading activity, despite a decline in delivery volume. Its performance indicates a potential trend reversal after recent declines, highlighting its market presence.
Mcleod Russel India Ltd, a microcap player in the Tea/Coffee industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 31.97, marking a notable increase of 4.99% from the previous close. This performance comes after two consecutive days of decline, indicating a potential trend reversal.

The stock opened with a gain of 2.13% and has outperformed its sector by 3.68%. With a total traded volume of approximately 0.53221 lakh shares and a turnover of Rs 0.169 crore, Mcleod Russel India has demonstrated sufficient liquidity for trading activities.

Despite the positive movement, the stock's delivery volume has seen a decline of 61.65% compared to the five-day average, suggesting a decrease in investor participation. Additionally, while the stock is currently above its five-day moving average, it remains below the 20-day, 50-day, 100-day, and 200-day moving averages.

Overall, Mcleod Russel India Ltd's performance today reflects a strong rebound, with the stock's high price and positive returns standing out in the current market landscape.
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