Rajoo Engineers Ltd Sees Surge in Trading Activity Amid Increased Investor Participation
Rajoo Engineers Ltd, a small-cap industrial manufacturer, reached its upper circuit limit today, with significant trading activity. The stock saw a high of 144.26 and a total volume of approximately 28.06 lakh shares, resulting in a turnover of around 39.85 crore, indicating heightened investor interest.
Rajoo Engineers Ltd, a small-cap player in the industrial manufacturing sector, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of 144.26, reflecting a notable increase of 10.03 points, or 7.65%, from its last traded price of 141.18. The price band for the day was set at 10%, indicating a robust trading session.Throughout the day, Rajoo Engineers experienced a total traded volume of approximately 28.06 lakh shares, resulting in a turnover of around 39.85 crore. The stock's performance today, however, underperformed its sector by 100.47%. Despite this, it has shown consecutive gains, with a 100% return over the last day.
The weighted average price indicates that more volume was traded closer to the low price of 136.2, while the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 123.07% compared to the 5-day average.
In summary, Rajoo Engineers Ltd's stock performance today highlights its upper circuit limit achievement, alongside a significant trading volume and turnover, reflecting active market engagement.
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