Shree Rama Newsprint Ltd Achieves Notable Market Activity Amid Positive Trends
Shree Rama Newsprint Ltd experienced notable trading activity, reaching its upper circuit limit with a significant intraday high. The stock has gained over three consecutive days, outperforming its sector. Despite a decline in delivery volume, it remains liquid, showcasing strong market resilience and favorable performance metrics.
Shree Rama Newsprint Ltd, operating in the Paper, Forest & Jute Products industry, has shown significant activity today, hitting its upper circuit limit with an intraday high of Rs 36.24, reflecting a gain of 4.98%. The stock's last traded price (LTP) stands at Rs 35.80, marking an absolute change of 1.28 and a percentage change of 3.71%. The stock has been on a positive trajectory, gaining for three consecutive days and achieving a remarkable 14.59% return over this period. Today's performance outpaced the sector by 2.9%, indicating a strong market position. The total traded volume reached approximately 0.34511 lakh shares, contributing to a turnover of Rs 0.123 crore.
Despite a decline in delivery volume, which fell by 58.17% against the five-day average, Shree Rama Newsprint remains liquid enough for trades of Rs 0.02 crore based on 2% of the five-day average traded value. The stock's performance today underscores its resilience in the market, with moving averages indicating a favorable position relative to longer-term trends. Overall, Shree Rama Newsprint Ltd has demonstrated robust performance metrics today, reflecting its current market standing.
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