Power & Instrumentation (Gujarat) Ltd Experiences Surge Amidst Decreased Delivery Volume
Power & Instrumentation (Gujarat) Ltd experienced a notable surge today, reaching its upper circuit limit with a significant intraday high. The stock has shown a strong performance over the past three days, although delivery volume has decreased sharply. It remains above its five-day moving average.
Power & Instrumentation (Gujarat) Ltd, a microcap player in the engineering sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 147.67, reflecting a notable increase of 5% from its previous close. This surge is part of a broader trend, as the stock has gained 12.4% over the last three days, outperforming its sector by 2.79%.Today's trading session saw a total traded volume of approximately 0.57045 lakh shares, resulting in a turnover of Rs 0.8403 crore. The stock opened with a gap up, indicating strong initial demand. Despite this positive momentum, it is worth noting that the delivery volume has significantly decreased, falling by 97.3% compared to the five-day average.
In terms of moving averages, the stock is currently above its five-day moving average but below the longer-term averages of 20, 50, 100, and 200 days. Overall, Power & Instrumentation (Gujarat) Ltd's performance today highlights a significant upward trend, marking a strong day for the stock in the market.
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