Omax Autos Ltd Stock Hits Upper Circuit Limit with Intraday High of Rs 126.54

Omax Autos Ltd, a player in the Auto Components & Equipments industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 126.54, reflecting a 5% increase from its previous trading session. This surge comes after a two-day decline, marking a notable trend reversal for the microcap company.
The stock's last traded price (LTP) was Rs 124.95, with a change of Rs 4.43, translating to a percentage change of 3.68%. The total traded volume stood at 0.1015 lakh shares, resulting in a turnover of Rs 0.1252 crore. Notably, Omax Autos outperformed its sector by 3.29%, while the broader market, represented by the Sensex, saw a decline of 0.31%.

In terms of moving averages, the stock is currently above its 5-day, 100-day, and 200-day averages, although it remains below the 20-day and 50-day averages. Additionally, there has been a significant increase in investor participation, with delivery volume rising by 277.99% compared to the 5-day average.

Overall, Omax Autos Ltd's performance today highlights a positive shift in momentum, as the stock capitalizes on recent trading activity.