Nitco Ltd Experiences Surge in Trading Activity Amid Strong Market Interest
Nitco Ltd, a microcap in the Ceramics, Marble, Granite, and Sanitaryware industry, experienced significant trading activity today, reaching its upper circuit limit. The stock has gained for four consecutive days, with a notable increase in trading volume and delivery, reflecting strong investor interest and positive momentum in the sector.
Nitco Ltd, a microcap player in the Ceramics, Marble, Granite, and Sanitaryware industry, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 127, reflecting a notable increase of 5.91 points or 5.0% from its previous close. The last traded price stands at Rs 124.19, with a low of Rs 115.02 during the trading session.The stock has been on a positive trajectory, gaining for four consecutive days and delivering a total return of 14.42% over this period. Today, it opened with a gap up of 2.35%, indicating strong market interest. The total traded volume reached approximately 21.53 lakh shares, contributing to a turnover of around Rs 25.99 crore.
Nitco's performance today outpaced its sector by 1.65%, and it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The delivery volume has also surged, increasing by 1961.11% compared to the 5-day average, highlighting rising investor participation. Overall, Nitco Ltd's performance today underscores its strong market position and positive momentum in the ceramics sector.
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