Rishabh Instruments Ltd Stock Hits Upper Circuit Limit at Intraday High of Rs 410.95
Rishabh Instruments Ltd, a microcap in the Other Electrical Equipment sector, reached its upper circuit limit today, achieving an intraday high of Rs 410.95. The stock has gained for four consecutive days, outperforming its sector and showing increased trading volume, indicating strong investor interest and positive momentum.
Rishabh Instruments Ltd, a microcap company in the Other Electrical Equipment industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 410.95, reflecting a notable increase of 4.99% from the previous trading session. The last traded price also stands at Rs 410.95, marking a change of Rs 19.55.The stock has been on a positive trajectory, gaining for four consecutive days and achieving a total return of 10.78% during this period. Today's performance outpaced the sector by 4.71%, while the broader market, represented by the Sensex, saw a decline of 0.17%.
In terms of trading volume, Rishabh Instruments recorded a total traded volume of 0.39832 lakh shares, resulting in a turnover of approximately Rs 1.61 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, delivery volume has increased by 56.13% compared to the 5-day average, suggesting rising investor participation.
Overall, Rishabh Instruments Ltd's performance today highlights its robust market position and positive momentum in the face of broader market challenges.
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