Shyam Telecom Hits Upper Circuit Limit Amidst Increased Trading Activity
Shyam Telecom Ltd, a microcap in the Trading & Distributors sector, experienced notable trading activity as its stock reached the upper circuit limit today. The stock maintained a high price of Rs 12.91, with significant trading volume and increased delivery volume compared to recent averages, indicating strong market interest.
Shyam Telecom Ltd, a microcap company in the Trading & Distributors industry, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 12.91, reflecting a change of Rs 0.61, or an increase of 4.96%. The last traded price also stands at Rs 12.91, indicating strong performance throughout the trading session.The stock's price band is set at 5%, with an intraday low of Rs 11.82. Total traded volume reached approximately 0.01492 lakh shares, resulting in a turnover of Rs 0.001823224 crore. Despite underperforming its sector by 1.65%, Shyam Telecom has shown resilience, with delivery volume on May 15 rising by 36.73% compared to the five-day average.
In terms of moving averages, the stock is currently higher than its five-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day moving averages. Overall, Shyam Telecom's performance today highlights notable trading activity, with the stock firmly positioned at its upper circuit limit, reflecting a robust trading session.
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