Rishabh Instruments Stock Hits Upper Circuit Limit with Intraday High of Rs 416.55
Rishabh Instruments Ltd's stock reached an intraday high of Rs 416.55, hitting the upper circuit limit amid strong market activity. The company recorded a trading volume of approximately 0.72339 lakh shares and has gained consistently over the past four days, outperforming its sector and showing a strong upward trend.
Rishabh Instruments Ltd, a player in the Other Electrical Equipment industry, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 416.55. This marks a significant change of Rs 19.8, translating to a 4.99% increase from the previous trading session. The stock opened with a gap up, reflecting strong market activity.In terms of trading volume, Rishabh Instruments recorded a total traded volume of approximately 0.72339 lakh shares, resulting in a turnover of around Rs 2.99 crore. The stock has shown consistent performance, gaining for the last four consecutive days and achieving a total return of 12.37% during this period. Notably, it has outperformed its sector by 2.14%, while the broader market, represented by the Sensex, saw a modest return of 0.24%.
Rishabh Instruments is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. However, it is worth noting that delivery volume has seen a significant decline of 97.81% compared to the 5-day average. Overall, Rishabh Instruments Ltd's performance today highlights its robust market position within the microcap segment.
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