RattanIndia Power Sees Surge in Trading Activity Amid Sector Underperformance

RattanIndia Power Ltd, a mid-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 28,746,549 shares and a total traded value of approximately Rs 39.30 crore. The stock opened at Rs 13.85 and reached a day high of Rs 13.89, while the day low was recorded at Rs 13.52. As of the latest update, the last traded price stands at Rs 13.60.
Despite the notable trading activity, RattanIndia Power has underperformed its sector, showing a 1.80% decline compared to a sector return of -0.33%. However, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the short to medium term.

Investor participation has also seen a significant rise, with delivery volume on June 20 reaching 4.62 crore, marking a 74.27% increase against the 5-day average. The stock's liquidity remains robust, accommodating trade sizes of up to Rs 4.01 crore based on 2% of the 5-day average traded value. Overall, RattanIndia Power's performance today reflects a mix of active trading and sector underperformance, highlighting the dynamic nature of the market.