Setubandhan Infrastructure Hits Upper Circuit Limit Amid Increased Trading Activity
Setubandhan Infrastructure Ltd, a microcap in the Capital Goods sector, has gained attention by reaching its upper circuit limit today. The stock saw notable trading activity with approximately 0.165 million shares exchanged. Despite underperforming its sector, it is trading above key moving averages, indicating short-term strength.
Setubandhan Infrastructure Ltd, a microcap company in the Capital Goods sector, has captured attention today by hitting its upper circuit limit. The stock reached a high price of Rs 0.66, reflecting a change of Rs 0.02, which translates to a percentage increase of 3.17%. The stock's performance today has been notable, with a total traded volume of approximately 0.165 million shares and a turnover of Rs 0.00107 crore.Despite this positive movement, the stock has underperformed its sector by 5.43%. However, it is currently trading above its 5-day, 20-day, and 50-day moving averages, indicating some short-term strength. The stock's liquidity remains adequate, with delivery volume increasing by 31.14% compared to the 5-day average.
Setubandhan Infrastructure operates within a market cap of Rs 8.00 crore, positioning it as a microcap player in the industry. Overall, the stock's performance today highlights a significant upward movement, marking a noteworthy event in its trading activity.
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