Pudumjee Paper Products Ltd Hits Upper Circuit Limit Amid Increased Investor Activity
Pudumjee Paper Products Ltd experienced notable trading activity today, reaching its upper circuit limit with an intraday high of Rs 107.66. The stock outperformed its sector and saw a significant increase in investor participation, with delivery volume rising substantially compared to recent averages, indicating a strong market presence.
Pudumjee Paper Products Ltd, a small-cap player in the Paper, Forest & Jute Products industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 107.66, reflecting a notable increase of 4.99%. This performance is particularly impressive as it outperformed its sector by 5.16%, while the broader market, represented by the Sensex, recorded a modest gain of 0.30%.The stock's last traded price (LTP) stands at Rs 107.66, with a total traded volume of approximately 0.92443 lakh shares, resulting in a turnover of Rs 0.97666 crore. The price band for the day was set at 5%, indicating a strong upward movement. Additionally, Pudumjee Paper Products has shown resilience, trading above its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day averages.
Investor participation has also risen, with delivery volume increasing by 115.19% compared to the 5-day average. Overall, Pudumjee Paper Products Ltd's performance today highlights its strong market position and active trading environment.
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