Mcleod Russel India Ltd Stock Hits Upper Circuit with Intraday High of Rs 52.61
Mcleod Russel India Ltd, a microcap in the FMCG sector, reached its upper circuit limit today, marking a trend reversal after four days of decline. The stock's trading volume was approximately 4.20 lakh shares, with a market capitalization of Rs 541 crore, indicating a strong market position.
Mcleod Russel India Ltd, a microcap player in the FMCG sector, has shown significant activity today, hitting its upper circuit limit with an intraday high of Rs 52.61, reflecting a notable increase of 4.99%. The stock's performance stands out as it has outperformed its sector by 4.87%, marking a trend reversal after four consecutive days of decline.The total traded volume reached approximately 4.20 lakh shares, resulting in a turnover of Rs 2.19 crore. Despite a sharp decline in delivery volume, which fell by 96.44% compared to the five-day average, Mcleod Russel is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.
The stock's price band is set at 5%, and with a market capitalization of Rs 541 crore, Mcleod Russel continues to maintain liquidity suitable for trades around Rs 0.48 crore. Overall, today's performance highlights a positive shift for Mcleod Russel India Ltd, reflecting resilience in a challenging market environment.
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