Raunaq International Hits Upper Circuit Amidst Unprecedented Buying Interest

On 20 Nov 2025, Raunaq International opened sharply higher at Rs 60.28, marking a 2.01% gain from the previous close. The stock maintained this price throughout the trading session, touching an intraday high of Rs 60.28 without any downward movement. This price action reflects a scenario where buyers dominate the order book, and sellers are either absent or unwilling to transact at lower levels.

Compared to the broader market, Raunaq International outperformed the Sensex, which recorded a modest 0.55% gain on the same day. The stock’s performance today also surpassed its construction sector peers by 2.29%, underscoring its relative strength within the industry. Notably, Raunaq International has recorded gains for two consecutive trading days, accumulating a 2.08% return in this short span.

Despite the strong short-term momentum, the stock’s performance over longer periods presents a mixed picture. Over the past week, Raunaq International declined by 1.63%, while the Sensex advanced by 1.40%. The one-month and three-month periods show more pronounced negative returns of 13.02% and 25.12% respectively, contrasting with the Sensex’s positive returns of 1.53% and 4.64% over the same durations.

Looking at the longer horizon, Raunaq International’s one-year return stands at 35.46%, significantly outpacing the Sensex’s 10.42% gain. This suggests that despite recent volatility, the stock has delivered substantial value to investors over the past year. Year-to-date, however, the stock has remained flat at 0.00%, while the Sensex has advanced by 9.62%, indicating a pause in momentum during the current calendar year.

Over three and five years, Raunaq International’s returns have been notably robust at 162.09% and 158.16% respectively, far exceeding the Sensex’s 38.91% and 95.20% gains. This long-term outperformance highlights the company’s capacity to generate significant shareholder value over extended periods, despite short-term fluctuations. Conversely, the ten-year performance shows a decline of 24.84%, contrasting with the Sensex’s strong 231.13% growth, reflecting challenges faced by the company or sector in the more distant past.

From a technical perspective, the stock is trading above its 200-day moving average, a level often viewed as a long-term support indicator. However, it remains below its 5-day, 20-day, 50-day, and 100-day moving averages, suggesting that recent price action has yet to establish a sustained upward trend across shorter and medium-term timeframes. The current upper circuit scenario, with no sellers visible, could mark the beginning of a breakout phase if sustained buying interest continues.

The construction sector, to which Raunaq International belongs, has been under pressure in recent months due to macroeconomic factors such as fluctuating raw material costs and regulatory changes. Despite these headwinds, the stock’s recent surge and upper circuit status indicate renewed investor confidence or speculative interest. The absence of sellers at the upper circuit price level is a strong signal of demand outstripping supply, which could lead to a multi-day upper circuit situation if the trend persists.

Market participants should note that such upper circuit events often attract increased attention from traders and investors, potentially leading to heightened volatility once the circuit limits are lifted. The stock’s ability to sustain this momentum will depend on broader market conditions, sectoral developments, and company-specific news flow.

In summary, Raunaq International’s current trading session is marked by an extraordinary buying interest that has propelled the stock to its upper circuit limit. The complete absence of sellers at this price point is a rare occurrence, reflecting either strong conviction among buyers or a lack of willingness to sell at current levels. This dynamic could extend over multiple sessions, creating a sustained upper circuit scenario that investors and market watchers should monitor closely.

While the stock’s recent short-term gains contrast with its weaker performance over the past few months, its long-term returns remain impressive relative to the broader market. The current price action may represent a turning point or a speculative spike, and investors should consider the broader context of sectoral trends and company fundamentals when analysing the stock’s prospects.

Given the stock’s position relative to key moving averages and the prevailing market environment, the coming days will be critical in determining whether Raunaq International can maintain its upward trajectory or if profit-taking and selling pressure will emerge once the upper circuit restrictions ease.

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