Ramco Systems Stock Hits Upper Circuit Limit at High Price of Rs 642.15
Ramco Systems Ltd's stock reached its upper circuit limit, closing at Rs 642.15, with significant trading activity. The stock outperformed its sector and is nearing its 52-week high. Increased delivery volume further highlights its strong market position, reflecting robust investor interest.
Ramco Systems Ltd, a small-cap player in the Software Products industry, has made headlines today as its stock hit the upper circuit limit, closing at a high price of Rs 642.15. This marks a significant change of Rs 58.35, representing a 9.99% increase. The stock's performance today has outpaced its sector by 1%, indicating strong market activity.Throughout the trading session, Ramco Systems experienced a low of Rs 585.00, with a total traded volume of approximately 3.2 million shares, resulting in a turnover of Rs 20.09 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a robust upward trend.
Notably, the stock is just 0.61% away from its 52-week high of Rs 647.75, reflecting its strong position in the market. Additionally, the delivery volume has seen a rise, with 75,690 shares delivered on October 29, which is an increase of 0.46% compared to the 5-day average delivery volume.
In summary, Ramco Systems Ltd has demonstrated impressive performance today, hitting its upper circuit limit and maintaining a strong market presence.
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