Salasar Techno Engineering Ltd Sees 11.25 Million Shares Traded, Ranking Among Most Active Stocks Today
Salasar Techno Engineering Ltd has become one of the most actively traded stocks today, with over 11 million shares exchanged. The stock showed a notable performance, surpassing sector and market averages, while also indicating a potential trend reversal despite a decrease in investor participation. Its market capitalization stands at Rs 1,666.00 crore.
Salasar Techno Engineering Ltd, a small-cap player in the industrial manufacturing sector, has emerged as one of the most active equities by volume today. The stock, trading under the symbol SALASAR, recorded a total traded volume of 11,259,447 shares, with a total traded value of approximately Rs 1,147.34 lakhs. Opening at Rs 10.05, Salasar Techno reached a day high of Rs 10.43 before settling at a last traded price of Rs 10.37, reflecting a 7.65% return for the day. This performance notably outpaced the sector's average return of 0.62% and the Sensex's return of 0.24%.
After experiencing two consecutive days of decline, the stock has shown signs of a trend reversal, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. However, it's worth noting that investor participation has decreased, with delivery volume on November 14 falling by 29.91% compared to the 5-day average.
With a market capitalization of Rs 1,666.00 crore, Salasar Techno Engineering continues to demonstrate liquidity suitable for trades of Rs 0.17 crore, indicating its active presence in the market. Overall, the stock's performance today highlights a significant rebound amidst fluctuating investor engagement.
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