RPP Infra Projects Hits Upper Circuit Limit Amid Declining Delivery Volumes

RPP Infra Projects Ltd, a microcap player in the construction industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 130.49, reflecting a 5% increase from its previous close. This performance marks a notable change of Rs 6.11, or 4.92%, as it continues to gain traction, having risen 5.5% over the last two days.
The stock opened with a gap up of 2.04%, indicating strong initial interest. Despite this positive momentum, the stock's delivery volume has seen a decline, with a reported 37.27k shares delivered on July 31, down 17.56% from the five-day average. The total traded volume today was approximately 0.53561 lakh shares, contributing to a turnover of Rs 0.697 crore.

In terms of moving averages, RPP Infra Projects is currently above its five-day moving average but below the longer-term averages of 20, 50, 100, and 200 days. Overall, the stock has outperformed its sector by 5.01%, while the broader market indices, including the Sensex, have shown slight declines. The performance today underscores the stock's current strength in a challenging market environment.