Redington Ltd Sees 13.2 Million Shares Traded, Ranking Among Most Active Stocks Today
Redington Ltd has become one of the most actively traded stocks today, with over 13 million shares exchanged. After four days of decline, it has shown a notable performance improvement, trading above key moving averages, despite a decrease in delivery volume. This indicates a positive shift in market sentiment.
Redington Ltd, a small-cap player in the Trading & Distributors industry, has emerged as one of the most active equities today, with a total traded volume of 13,224,733 shares and a total traded value of approximately Rs 36.27 crore. The stock opened at Rs 265.15, reflecting a gain of 5.95% from the previous close of Rs 250.25, and reached an intraday high of Rs 279.5, marking a notable increase of 10.89%.Today’s performance indicates a trend reversal for Redington, which has gained after four consecutive days of decline. The stock has outperformed its sector by 5.65%, while the IT - Hardware sector itself has seen a gain of 5.09%. Additionally, Redington is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward momentum.
Despite a decrease in delivery volume, which fell by 14.09% against the 5-day average, the stock remains liquid enough for trades sized at Rs 1.09 crore, based on 2% of the 5-day average traded value. Overall, Redington's performance today reflects significant activity and a positive shift in market sentiment.
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