Par Drugs & Chemicals Hits Upper Circuit Limit Amid Strong Trading Activity
Par Drugs & Chemicals Ltd, a microcap in the Chemicals & Petrochemicals sector, reached its upper circuit limit today, with significant trading activity. The stock outperformed its sector, showing robust volume and turnover, while its performance against moving averages indicates positive market momentum.
Par Drugs & Chemicals Ltd, a microcap player in the Chemicals & Petrochemicals industry, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of 101.15, reflecting a notable change of 3.66, or a 3.8% increase from its last traded price of 100.00. The stock's performance today outperformed its sector, which recorded a slight decline of 0.03%.Trading activity was robust, with a total traded volume of approximately 0.12379 lakh shares and a turnover of around 0.1223 crore. The stock's price band is set at 5%, indicating a strong upward movement within the trading session.
In terms of moving averages, Par Drugs & Chemicals is currently performing higher than its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages. This performance highlights the stock's current liquidity, which is sufficient for trading sizes of Rs 0 crore based on 2% of the 5-day average traded value.
Overall, Par Drugs & Chemicals Ltd has demonstrated a strong performance today, reflecting positive momentum in the market.
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