Norben Tea & Exports Ltd Stock Hits Upper Circuit Limit at Rs 66.48
Norben Tea & Exports Ltd has gained attention by reaching its upper circuit limit, achieving a new 52-week and all-time high. The stock has shown strong performance, trading above key moving averages, although investor participation has declined significantly in recent days.
Norben Tea & Exports Ltd, a microcap player in the FMCG sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 66.48, reflecting a notable increase of 4.99% from its previous close. This performance marks a significant milestone, as it also achieved a new 52-week and all-time high.The stock's last traded price stands at Rs 63.32, with a change of Rs 3.01. Notably, it has been on an upward trajectory, gaining 32.96% over the past week and outperforming its sector by 4.79% today. The trading volume was recorded at approximately 0.01791 lakh shares, with a turnover of Rs 0.01134 crore.
Norben Tea is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend. However, it is worth noting that investor participation has seen a decline, with delivery volume dropping by 77.37% compared to the 5-day average.
In summary, Norben Tea & Exports Ltd has demonstrated robust performance today, highlighted by its upper circuit limit achievement and significant gains over the past week.
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