Quess Corp Stock Surges Amid Declining Investor Participation and Market Resilience
Quess Corp Ltd's stock reached its upper circuit limit, closing at 362.35, with a notable increase from the previous session. The trading session saw a low of 335.0 and a total volume of approximately 12.14 lakh shares. Despite a decline in investor participation, the stock remains strong in the market.
Quess Corp Ltd, a mid-cap player in the miscellaneous industry, has made headlines today as its stock hit the upper circuit limit, closing at a high price of 362.35. This marks a significant change of 17.25, reflecting a 5.0% increase from the previous trading session. The stock's performance today aligns with sector trends, despite a recent trend reversal after four consecutive days of gains.Throughout the trading session, Quess Corp experienced a low of 335.0, with a total traded volume of approximately 12.14 lakh shares, resulting in a turnover of around Rs 43.25 crore. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market.
However, it is worth mentioning that investor participation has seen a decline, with delivery volume dropping by 72.21% compared to the 5-day average. Despite this, Quess Corp remains liquid enough for trades of Rs 0.26 crore based on 2% of the 5-day average traded value. Overall, the stock's performance today underscores its resilience in the market, reflecting a positive sentiment among investors.
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