Mukand Ltd Surges Amid Strong Trading Activity in Ferrous Metals Sector

Mukand Ltd, a small-cap player in the Ferrous Metals industry, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 137.4, reflecting a significant price change of Rs 16.61, or 14.51%, from its last traded price of Rs 131.11. This movement is notable, especially as it outperformed its sector by 13.44%.
The stock traded within a wide range of Rs 22.4 today, with a low of Rs 115.0. Total traded volume stood at approximately 25.94 lakh shares, resulting in a turnover of Rs 34.26 crore. Mukand's performance is further underscored by its trading position above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In the broader market context, the Steel/Sponge Iron/Pig Iron sector gained 2.16%, while Mukand's 1D return was recorded at 14.35%, significantly outpacing the Sensex's return of 0.98%. Overall, Mukand Ltd's performance today highlights its strong market position and active trading dynamics.