S H Kelkar & Company Hits Upper Circuit Limit Amid Strong Trading Activity

S H Kelkar & Company Ltd, a small-cap player in the chemicals industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 212.13, reflecting a significant change of Rs 26.53, or 15.01%, from the previous close. This performance is notable as it outperformed the sector by 12.14%, with the chemicals sector itself gaining 2.86%.
The stock opened with a robust gain of 6.62% and has shown a wide trading range of Rs 30.2 throughout the day. Total traded volume reached approximately 33.62 lakh shares, resulting in a turnover of around Rs 67.97 crore. Despite high volatility, with an intraday volatility of 5.08%, the stock has demonstrated consistent performance, gaining 16.34% over the last two days.

In terms of moving averages, S H Kelkar & Company’s stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. The overall market cap stands at Rs 2,806.90 crore, solidifying its position in the small-cap segment. Today's activity underscores the stock's strong performance in a competitive market environment.