Spacenet Enterprises Stock Hits Upper Circuit Limit with High Price of Rs 7.98
Spacenet Enterprises India Ltd experienced significant trading activity today, hitting the upper circuit limit with a notable increase in stock price. The company recorded a high of 7.98 and a trading volume of approximately 7.73 lakh shares, reflecting strong investor engagement and robust market performance within its sector.
Spacenet Enterprises India Ltd, operating in the miscellaneous industry, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of 7.98, reflecting a notable increase of 0.3, or 3.95%, from the previous trading session. The last traded price stands at 7.9, with a low of 7.56 during the day.In terms of trading volume, Spacenet Enterprises recorded a total traded volume of approximately 7.73 lakh shares, resulting in a turnover of around Rs 0.61 crore. The stock has outperformed its sector by 4.21%, indicating strong relative performance. Additionally, the delivery volume surged to 13.42 lakh shares on October 1, marking a remarkable increase of 349.07% compared to the five-day average delivery volume.
The stock's performance is also noteworthy in relation to moving averages, as it is currently higher than the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. With a market capitalization of Rs 449.49 crore, Spacenet Enterprises continues to demonstrate robust trading activity and investor engagement. Overall, the stock's performance today highlights its strong market position within the microcap segment.
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