Setco Automotive Shows Strong Market Resilience Amid Increased Trading Activity
Setco Automotive Ltd has demonstrated strong market activity, reaching its upper circuit limit with a notable price increase. The stock has gained for four consecutive days, significantly outperforming its sector and major indices. Despite a decline in delivery volume, it maintains sufficient liquidity for trading.
Setco Automotive Ltd, a player in the Auto Components & Equipments industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 19.27. The stock experienced a notable change of Rs 0.74, reflecting a percentage increase of 4.03%. This performance outpaced the sector's return of 0.87% and the Sensex's marginal gain of 0.01%.Throughout the trading session, Setco Automotive recorded a total traded volume of approximately 0.3002 lakh shares, resulting in a turnover of Rs 0.05736822 crore. The stock has been on a positive trajectory, gaining for four consecutive days and accumulating a total return of 13.31% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.
Despite a decline in delivery volume, which fell by 65.69% compared to the 5-day average, Setco Automotive remains liquid enough for trading activities. Overall, the stock's performance today highlights its resilience and upward momentum in the market.
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