Shalimar Paints Hits Upper Circuit Limit Amidst High Trading Volatility and Activity
Shalimar Paints Ltd. has gained attention by reaching its upper circuit limit, with significant intraday volatility and a notable increase in trading volume. The stock has outperformed its sector and demonstrated consecutive gains over the past two days, highlighting its active market presence in the paints industry.
Shalimar Paints Ltd., a microcap player in the paints industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 88.17, reflecting a significant increase of 19.99% from its previous trading session. This surge comes as the stock recorded a notable change of Rs 11.24, translating to a 15.3% increase in its price.Throughout the trading day, Shalimar Paints demonstrated high volatility, with an intraday volatility of 6.91%. The stock traded within a wide range of Rs 14.69, indicating robust market activity. Total traded volume reached approximately 31.36 lakh shares, contributing to a turnover of Rs 25.97 crore.
In terms of performance, Shalimar Paints has outperformed its sector by 14.97% and has shown consecutive gains over the last two days, accumulating a total return of 15.02% during this period. The stock's weighted average price suggests that more volume was traded closer to its low price, indicating a dynamic trading environment.
Overall, Shalimar Paints Ltd. has exhibited strong performance metrics today, reflecting its active market position within the paints industry.
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