Setco Automotive Stock Hits Upper Circuit Limit at High Price of Rs 19.03
Setco Automotive Ltd has demonstrated strong market activity, reaching its upper circuit limit with significant price movements. The stock has outperformed its sector and is on a two-day gain streak. Despite a decrease in delivery volume, it remains above key moving averages, indicating a robust upward trend.
Setco Automotive Ltd, a microcap player in the Auto Components & Equipments industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 19.03. The stock experienced a positive change of Rs 0.72, translating to a 3.97% increase. The last traded price stood at Rs 18.85, reflecting strong performance metrics.In terms of trading volume, Setco Automotive recorded a total traded volume of 1.24524 lakh shares, resulting in a turnover of Rs 0.2334825 crore. The stock has outperformed its sector by 4.32% today and has been on a consecutive gain streak for the last two days, accumulating an impressive 8.79% return during this period.
Setco Automotive is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend. However, it is noteworthy that delivery volume has decreased by 52.05% compared to the 5-day average, suggesting a decline in investor participation.
Overall, Setco Automotive's performance today highlights its strong market position within the auto components sector, marked by notable price movements and trading activity.
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