Salasar Techno Engineering Sees Surge in Trading Activity and Investor Participation
Salasar Techno Engineering Ltd has become one of the most actively traded stocks today, with over 16 million shares exchanged. The stock has shown a notable increase in trading volume and liquidity, reflecting a positive shift in momentum after recent declines, while outperforming its sector.
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 16,428,986 shares, with a total traded value of approximately Rs 1,490.11 lakhs. The stock opened at Rs 8.89 and reached a day high of Rs 9.45, while the day low was Rs 8.82. As of the latest update, the last traded price (LTP) stands at Rs 9.10. Notably, Salasar Techno Engineering has outperformed its sector by 4.72%, marking a trend reversal after two consecutive days of decline.
In terms of moving averages, the stock is currently above the 5-day, 20-day, and 50-day averages but remains below the 100-day and 200-day averages. Additionally, investor participation has seen a rise, with a delivery volume of 490,600 shares on June 10, reflecting a 12.96% increase compared to the 5-day average delivery volume. The stock's liquidity is also favorable, accounting for 2% of the 5-day average traded value, indicating it is liquid enough for a trade size of Rs 0.14 crore.
Overall, Salasar Techno Engineering's performance today highlights significant trading activity and a positive shift in momentum within the context of its market position.
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