Radaan Mediaworks Hits Upper Circuit Limit Amidst Increased Trading Activity and Positive Momentum

Apr 02 2025 10:00 AM IST
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Radaan Mediaworks (I) Ltd, a microcap in the Film Production and Entertainment sector, reached its upper circuit limit today, with significant trading activity. The stock has shown consecutive gains over two days, outperforming its sector, despite a decline in investor participation and varying performance against moving averages.
Radaan Mediaworks (I) Ltd, a microcap company in the Film Production, Distribution & Entertainment industry, has experienced significant activity today, hitting its upper circuit limit. The stock reached a high price of Rs 3.75, reflecting a notable increase of Rs 0.16, or 4.47%, from its last traded price of Rs 3.74.

The stock's performance today has outpaced its sector by 4.1%, marking a consecutive gain over the last two days with an impressive total return of 8.94% during this period. The trading volume stood at approximately 0.327 million shares, resulting in a turnover of Rs 0.012 crore.

In terms of moving averages, Radaan Mediaworks is currently above its 5-day, 20-day, and 200-day averages, although it remains below the 50-day and 100-day averages. Despite a decline in investor participation, with delivery volume dropping by 77.91% compared to the 5-day average, the stock remains liquid enough for trading activities.

Overall, Radaan Mediaworks (I) Ltd has demonstrated strong performance metrics today, reflecting positive momentum in the market.
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