Ramco Systems Stock Hits Upper Circuit Limit with Intraday High of Rs 642.15
Ramco Systems Ltd's stock reached the upper circuit limit, closing at Rs 642.15, with significant trading activity of around 3.2 lakh shares. The stock is near its 52-week high and is trading above key moving averages, indicating a positive trend despite a decline in delivery volume.
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 Rs 642.15. This marks a significant change of Rs 58.35, reflecting a 9.99% increase. The stock reached an intraday high of Rs 642.15, showcasing a robust performance as it outperformed its sector by 2.31%.Trading activity was notable, with a total traded volume of approximately 3.2 lakh shares and a turnover of Rs 20.09 crore. The stock is currently positioned just 2.01% away from its 52-week high of Rs 647.75, indicating strong momentum. Additionally, Ramco Systems is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend reversal after two consecutive days of decline.
Despite a decrease in delivery volume, which fell by 32.67% compared to the 5-day average, the stock remains liquid enough for trading activities. Overall, Ramco Systems has demonstrated a solid performance today, reflecting its resilience in the market.
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