Rane Engine Valve Stock Surges, Indicating Strong Market Position in Auto Ancillary Sector
Rane Engine Valve Ltd's stock reached an intraday high of Rs 351.8, marking a notable increase. The trading session recorded a volume of 0.7527 lakh shares and a turnover of approximately Rs 2.53 crore. Despite a decline in delivery volume, the stock demonstrates strong market engagement in the Auto Ancillary sector.
Rane Engine Valve Ltd, a microcap player in the Auto Ancillary sector, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 351.8. This marks a significant change of Rs 58.6, translating to a 19.99% increase. The stock has shown robust performance, outperforming its sector by 19.44% and achieving a remarkable 28.14% gain over the last three days.The trading session saw a total volume of 0.7527 lakh shares, resulting in a turnover of approximately Rs 2.53 crore. The stock traded within a wide range of Rs 56.45, with a low price of Rs 295.35. Notably, the weighted average price indicates that more volume was traded closer to the low price, suggesting varied investor engagement.
Despite a decline in delivery volume, which fell by 19.17% against the five-day average, Rane Engine Valve's stock remains liquid enough for trades of Rs 0.01 crore. Overall, the stock's performance today reflects a strong upward trend, highlighting its current market position within the Auto Ancillary industry.
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