MIRC Electronics Hits Upper Circuit Limit, Signaling Resilience in Consumer Durables Market

Apr 02 2025 10:00 AM IST
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MIRC Electronics Ltd experienced significant trading activity today, reaching its upper circuit limit with a notable price increase. The stock outperformed its sector and recorded a substantial trading volume. Despite recent gains, it remains below key moving averages, indicating a mixed performance trend in the consumer durables market.
MIRC Electronics Ltd, a player in the consumer durables sector, has shown significant activity today as it hit its upper circuit limit with a high price of Rs 11.71. The stock experienced a notable change of Rs 0.55, reflecting a percentage increase of 4.93%. This performance stands out as it outperformed its sector by 5.03%, marking a positive trend for the company.

Throughout the trading session, MIRC Electronics recorded a total traded volume of approximately 2.53 lakh shares, resulting in a turnover of around Rs 0.29 crore. The stock's intraday low was Rs 11.06, indicating a solid performance within the established price band of 5%.

Despite this upward movement, MIRC Electronics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has been on a gaining streak for the last two days, accumulating a total return of 9.32% during this period.

In summary, MIRC Electronics Ltd has demonstrated robust performance today, hitting its upper circuit limit and showcasing resilience in the consumer durables market.
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