Raj Rayon Industries Stock Hits Upper Circuit Limit with Intraday High of 28.84

Raj Rayon Industries Ltd, a small-cap player in the Garments & Apparels sector, has shown remarkable activity today as it hit its upper circuit limit. The stock reached a high price of 28.84, reflecting a positive change of 0.54, or 1.91% from the previous close. The last traded price stood at 28.82, indicating strong market interest. Today's trading session saw a total volume of approximately 0.06657 lakh shares, with a turnover of around Rs 0.019 crore. Notably, Raj Rayon Industries outperformed its sector by 2.83%, while the broader market indices, including the Sensex, reported negative returns of -0.38%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust performance trend. However, it is important to note that investor participation has seen a significant decline, with delivery volume dropping by 99.87% compared to the 5-day average. In summary, Raj Rayon Industries Ltd has demonstrated strong performance today, hitting its upper circuit limit and showcasing resilience in a challenging market environment.