Power & Instrumentation (Gujarat) Ltd Stock Hits Upper Circuit at Rs 165.11
Power & Instrumentation (Gujarat) Ltd's stock reached its upper circuit limit today, hitting an intraday high and demonstrating strong market interest with a significant gap up. The stock has gained consistently over four days, with notable increases in trading volume and delivery participation, reflecting positive investor sentiment.
Power & Instrumentation (Gujarat) Ltd, a microcap player in the Other Electrical Equipment industry, has made headlines today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 165.11, reflecting a notable increase of 6.75 points or 4.29% from its last traded price of Rs 164.00. This performance is particularly impressive as it outperformed its sector, which recorded a 1D return of just 0.97%.The stock has shown consistent upward momentum, gaining for four consecutive days and accumulating a total return of 12.61% during this period. It opened with a significant gap up of 5% today, indicating strong market interest. The total traded volume reached approximately 0.32 lakh shares, with a turnover of Rs 0.53 crore.
In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Additionally, the delivery volume has surged by 87.05% compared to the 5-day average, suggesting rising investor participation. Overall, Power & Instrumentation (Gujarat) Ltd's performance today highlights its strong market position and positive trading activity.
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