Rajratan Global Wire Ltd Hits Upper Circuit Limit Amid Increased Investor Participation
Rajratan Global Wire Ltd, a small-cap auto ancillary company, reached its upper circuit limit today, hitting an intraday high of Rs 390.15. The stock demonstrated significant volatility and trading activity, with a notable increase in investor participation, reflecting its strong momentum in the market.
Rajratan Global Wire Ltd, a small-cap player in the auto ancillary industry, has made headlines today by hitting its upper circuit limit. The stock reached an impressive intraday high of Rs 390.15, reflecting a significant change of Rs 65.00 or 19.99% from the previous close. This surge comes as the stock has outperformed its sector by 19.37%, showcasing strong momentum over the past three days with a cumulative gain of 30.09%.Throughout the trading session, Rajratan Global Wire exhibited high volatility, with an intraday fluctuation of 5.08%. The stock traded within a wide range of Rs 61.10, with a total traded volume of approximately 7.99 lakh shares, resulting in a turnover of Rs 29.69 crore. Notably, the stock's performance today has been buoyed by rising investor participation, as evidenced by a delivery volume increase of 61.34% compared to the five-day average.
In summary, Rajratan Global Wire Ltd's strong performance today, marked by its upper circuit limit achievement and substantial trading activity, underscores its current market position within the auto ancillary sector.
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