Shah Alloys Ltd Stock Hits Upper Circuit Limit with Intraday High of Rs 80.05

Shah Alloys Ltd, a microcap player in the Iron & Steel Products industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 80.05, reflecting a 5% increase from its previous trading session. This performance is notable as it outperformed its sector by 3.97%, while the broader market, represented by the Sensex, declined by 0.33%.
The stock opened with a gain of 2.31% and has been on a positive trajectory, gaining for three consecutive days and accumulating a total return of 7.8% during this period. The last traded price was Rs 78.68, with a change of Rs 2.44, or 3.2%. The total traded volume today was approximately 0.48791 lakh shares, resulting in a turnover of Rs 0.3855 crore.

Shah Alloys is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Additionally, the stock is just 4.77% away from its 52-week high of Rs 82.21. Overall, Shah Alloys has demonstrated robust performance metrics today, reflecting a positive market sentiment.