Power & Instrumentation (Gujarat) Ltd Experiences Surge Amid Declining Investor Participation
Power & Instrumentation (Gujarat) Ltd experienced notable trading activity today, hitting the upper circuit limit with an intraday high of Rs 140.64. The stock has gained over the past two days, with a total return of 8.42%. However, investor participation has declined, as delivery volume fell significantly.
Power & Instrumentation (Gujarat) Ltd, a microcap player in the engineering sector, has shown significant activity today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 140.64, marking a notable increase of 4.99% from the previous close. This performance is particularly impressive as it outperformed the sector by 3.98%.The stock has been on a positive trajectory, gaining for the last two consecutive days and accumulating a total return of 8.42% during this period. Today's trading saw a total volume of approximately 0.13226 lakh shares, resulting in a turnover of Rs 0.184 crore. The last traded price stands at Rs 140.64, with a price band of 5%.
In terms of moving averages, the stock is currently above its 5-day moving average but below the longer-term averages of 20, 50, 100, and 200 days. However, there has been a decline in investor participation, with delivery volume dropping by 34.22% compared to the 5-day average.
Overall, Power & Instrumentation (Gujarat) Ltd has demonstrated strong performance today, reflecting positive momentum in its trading activity.
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