Sampann Utpadan India Ltd Stock Hits Upper Circuit Limit at Rs 38.24, Up 19.99%
Sampann Utpadan India Ltd experienced significant trading activity today, reaching its upper circuit limit with a notable intraday high. The stock demonstrated high volatility and strong initial momentum, trading above multiple moving averages, indicating a positive trend reversal despite a decrease in delivery volume.
Sampann Utpadan India Ltd, operating in the Industrial Products sector, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 38.24, reflecting a significant increase of 19.99%. The stock experienced a change of Rs 2.48, translating to a percentage change of 7.78%. Trading volumes were notable, with a total of approximately 3.67 lakh shares exchanged, resulting in a turnover of around Rs 1.27 crore. The stock opened with a gap up of 4.05%, indicating strong initial momentum. Throughout the day, it traded within a wide range of Rs 6.02, showcasing high volatility with an intraday volatility rate of 10.81%.
Sampann Utpadan is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend reversal after two consecutive days of decline. Despite a decrease in delivery volume, the stock remains liquid enough for trading activities.
Overall, Sampann Utpadan India Ltd's performance today highlights its resilience and ability to rebound in a challenging market environment.
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