MSP Steel & Power Stock Hits Upper Circuit Limit at Intraday High of Rs 34.99
MSP Steel & Power Ltd, a small-cap company in the Iron & Steel Products sector, reached its upper circuit limit today, with significant trading activity and a notable intraday high. The stock has gained over the past two days, reflecting strong market interest despite a decline in delivery volume.
MSP Steel & Power Ltd, a small-cap player in the Iron & Steel Products industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 34.99, reflecting a significant gain of 4.98% from the previous close. This upward movement is part of a broader trend, as the stock has been gaining for the last two days, accumulating a total return of 10.2% during this period.The total traded volume today was approximately 28.98 lakh shares, contributing to a turnover of Rs 10.13 crore. The stock opened with a gap up, indicating strong market interest, and has outperformed its sector by 5.19%. Despite a decline in delivery volume, which fell by 24.08% compared to the five-day average, the stock remains liquid enough for trading activities.
In terms of moving averages, MSP Steel & Power's current price is above the 5-day, 20-day, 100-day, and 200-day moving averages, although it is below the 50-day moving average. Overall, the stock's performance today underscores its strong market position within the sector.
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