RattanIndia Power Sees High Trading Volume Amid Declining Price Performance
RattanIndia Power Ltd has seen significant trading activity today, with over 16 million shares exchanged. The stock opened at Rs 12.18 and closed at Rs 11.93, showing a decline from the previous close. It is currently trading below key moving averages, indicating a downward trend in price performance.
RattanIndia Power Ltd, a small-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 16,232,894 shares and a total traded value of approximately Rs 1,951.19 lakhs. The stock opened at Rs 12.18, reaching a day high of Rs 12.18 before settling at a last traded price of Rs 11.93. This reflects a slight decline from the previous close of Rs 12.10.Despite the notable trading activity, RattanIndia Power is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its price performance. Additionally, investor participation appears to be waning, with delivery volume on August 12 recorded at 738,100 shares, a significant drop of 43.05% compared to the 5-day average delivery volume.
The stock's liquidity remains adequate, with a trading capacity of Rs 0.88 crore based on 2% of the 5-day average traded value. Overall, RattanIndia Power's performance today aligns closely with sector trends, reflecting a 0.00% return for the day, while the sector itself has seen a 0.43% increase.
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