Silgo Retail Ltd Achieves Upper Circuit Limit Amidst Strong Market Activity
Silgo Retail Ltd experienced significant trading activity today, with its stock reaching the upper circuit limit. The stock fluctuated between a low of 62.69 and a high of 68.04, with a total traded volume of approximately 0.43699 lakh shares. Despite a decline in delivery volume, liquidity remains adequate.
Silgo Retail Ltd, a microcap player in the retailing industry, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached a high price of 68.04, reflecting a significant absolute change of 3.24, which translates to a 5.0% increase. This performance notably outpaced the sector's average return of 0.46% and the broader market's Sensex return of 0.18%.Throughout the trading session, Silgo Retail's stock fluctuated between a low of 62.69 and the aforementioned high, with a total traded volume of approximately 0.43699 lakh shares, resulting in a turnover of around Rs 0.2915 crore. The stock's performance today indicates it is currently above its 20-day, 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day moving average.
Despite a notable decline in delivery volume, which fell by 82.58% compared to the 5-day average, the stock's liquidity remains adequate for trading sizes of Rs 0.02 crore. Overall, Silgo Retail Ltd's performance today highlights its strong market position within the retail sector.
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