Rico Auto Industries Ltd Achieves Upper Circuit Limit Amid Strong Trading Activity
Rico Auto Industries Ltd experienced significant trading activity today, reaching an intraday high and hitting the upper circuit limit. The stock's trading volume was approximately 29.46 lakh shares, with a notable turnover. Despite a decline in delivery volume, the stock remains liquid and shows a positive performance trend.
Rico Auto Industries Ltd, a microcap player in the Auto Components & Equipments industry, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 98.5, reflecting a significant increase of 9.99% from its previous trading session. The last traded price stood at Rs 97.47, marking an absolute change of 7.92 and a percentage change of 8.84.Today's trading volume reached approximately 29.46 lakh shares, resulting in a turnover of around Rs 28.19 crore. Notably, Rico Auto Industries outperformed its sector by 7.48%, showcasing its strong market position. 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 its performance metrics.
Despite a decline in delivery volume, which fell by 56.89% against the 5-day average, the stock remains liquid enough for trades of Rs 0.58 crore based on 2% of the 5-day average traded value. Overall, Rico Auto Industries Ltd has demonstrated a robust performance today, reflecting its resilience in the market.
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