Salasar Techno Engineering Sees Surge in Trading Activity Amid Ongoing Market Challenges

Salasar Techno Engineering Ltd, a small-cap player in the industrial manufacturing sector, has emerged as one of the most active equities today, with a total traded volume of 10,240,684 shares and a total traded value of approximately Rs 796.73 lakhs. The stock opened at Rs 7.66 and reached a day high of Rs 7.93, closing at Rs 7.72, which is a 2.26% increase from the previous close of Rs 7.52.
Despite this uptick, Salasar Techno is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging trend in the short to medium term. Notably, the stock is just 3.36% away from its 52-week low of Rs 7.47.

Investor participation has seen a significant rise, with a delivery volume of 1.66 crore on June 30, marking an increase of 108.81% compared to the 5-day average delivery volume. The liquidity of the stock remains robust, with trading activity reflecting 2% of the 5-day average traded value, supporting a trade size of Rs 0.24 crore.

Overall, Salasar Techno Engineering's performance today highlights a notable rebound after three consecutive days of decline, while still facing challenges in maintaining momentum against broader market indicators.