MSP Steel & Power Ltd Surges Amid Strong Trading Activity and Sector Outperformance

Mar 10 2025 10:00 AM IST
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MSP Steel & Power Ltd has demonstrated significant trading activity, reaching its upper circuit limit with an intraday high of Rs 28.67. The stock outperformed its sector, showing a notable upward trend over the past five days. Trading volume was robust, indicating strong market interest.
MSP Steel & Power Ltd, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has shown remarkable activity today, hitting its upper circuit limit with a notable intraday high of Rs 28.67. The stock experienced a positive change of Rs 1.36, reflecting a percentage increase of 4.98%. This performance has allowed MSP Steel to outperform its sector, which recorded a 1D return of just 0.98%.

Trading activity was robust, with a total traded volume of approximately 2.12 lakh shares and a turnover of Rs 0.61 crore. The stock opened with a gap up, maintaining its price throughout the trading session without any fluctuations. Over the past five days, MSP Steel has demonstrated a strong upward trend, accumulating a total return of 27.54%.

In terms of moving averages, the stock is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day averages. Despite a decline in delivery volume, the stock remains liquid enough for trading activities. Overall, MSP Steel & Power Ltd's performance today highlights its strong market position within the steel sector.
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