Reliance Communications Stock Hits Upper Circuit Limit at Rs 1.3, Up 4.84%

Reliance Communications Ltd, a player in the Telecom - Services industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 1.3. The stock experienced a positive change of Rs 0.06, translating to a 4.84% increase in its value. This performance outpaced the sector's average return of 1.00% and the Sensex's return of 0.59%.
The stock's trading volume reached approximately 10.99 lakh shares, with a turnover of Rs 0.14 crore. Notably, the stock has been on an upward trajectory, gaining for the last two days and accumulating a total return of 9.24% during this period. The delivery volume on November 11 saw a significant rise of 74.53% compared to the five-day average, indicating increased investor participation.

In terms of moving averages, Reliance Communications is currently above its five-day moving average but below its longer-term averages, including the 20-day, 50-day, 100-day, and 200-day metrics. Overall, the stock's performance today reflects a robust activity level, highlighting its current market position within the microcap segment, with a market capitalization of Rs 359.52 crore.