Ravikumar Distilleries Ltd Experiences Surge in Trading Activity and Liquidity
Ravikumar Distilleries Ltd, a microcap in the Breweries & Distilleries sector, experienced significant trading activity, hitting its upper circuit limit with a notable price increase. The stock traded approximately 6.78 lakh shares, showcasing strong liquidity and engagement, while maintaining performance above key moving averages.
Ravikumar Distilleries Ltd, a microcap player in the Breweries & Distilleries sector, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 33.98, reflecting a notable change of Rs 3.56, or 12.57%, from its last traded price of Rs 31.88. The stock's performance today has been marked by a total traded volume of approximately 6.78 lakh shares, resulting in a turnover of around Rs 2.23 crore.Despite underperforming its sector by 0.51%, Ravikumar Distilleries has demonstrated resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains robust, with a delivery volume of 4.48 lakh shares on April 22, which has surged by 1598.42% compared to the 5-day average delivery volume.
The stock's price band is set at 20%, indicating a significant fluctuation range. Overall, Ravikumar Distilleries Ltd has shown a dynamic trading session today, reflecting its active market presence and investor engagement.
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