Modi Rubber Ltd Hits Upper Circuit Limit, Outperforming Sector Amid Trading Activity

Modi Rubber Ltd, a microcap player in the Tyres & Rubber Products industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 124.41, reflecting a 5% increase from the previous trading session. This performance is notable as it outperformed its sector, which recorded a 1D return of just 0.69%, while Modi Rubber achieved a 1D return of 5.00%.
The stock's last traded price (LTP) stands at Rs 124.41, with a total traded volume of approximately 0.05066 lakh shares and a turnover of Rs 0.06246378 crore. Despite a decline in delivery volume, which fell by 64.15% against the 5-day average, the stock remains liquid enough for trading activities.

In terms of moving averages, Modi Rubber's price is higher than the 5-day, 20-day, 100-day, and 200-day moving averages, although it is lower than the 50-day moving average. The stock has been on a positive trajectory, gaining for the last two days with a cumulative return of 5.43% during this period. Overall, Modi Rubber's performance today underscores its strong position within the market.