Sotac Pharmaceuticals Hits Upper Circuit Limit Amid Sector Decline, Signaling Market Strength
Sotac Pharmaceuticals Ltd has garnered attention by reaching its upper circuit limit, with a significant price increase. The stock's trading activity included a total volume of 0.036 lakh shares and a turnover of approximately Rs 0.054846 crore, indicating strong market performance despite a decline in delivery volume.
Sotac Pharmaceuticals Ltd, a microcap player in the Pharmaceuticals & Biotechnology sector, has made headlines today by hitting its upper circuit limit. The stock reached a high price of 152.35, reflecting a notable absolute change of 7.25, which translates to a 5.0% increase. This performance outpaced the sector, which saw a decline of 0.31% on the same day.The trading activity for Sotac Pharmaceuticals was marked by a total traded volume of 0.036 lakh shares, resulting in a turnover of approximately Rs 0.054846 crore. The stock's last traded price (LTP) also stood at 152.35, indicating a strong position relative to its moving averages, as it is currently trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Despite a decrease in delivery volume, which fell by 30.38% against the 5-day average, the stock remains liquid enough for trades of Rs 0.01 crore, based on 2% of the 5-day average traded value. Overall, Sotac Pharmaceuticals has demonstrated robust performance today, reinforcing its position in the market.
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