Spacenet Enterprises Stock Hits Upper Circuit Limit with Intraday High of Rs 9.71

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 9.71, reflecting a notable increase of 0.45, or 4.86%, from its last traded price of 9.70. The price band for the day was set at 5%, indicating a robust trading session.
In terms of trading volume, Spacenet Enterprises recorded a total traded volume of approximately 5.77 lakh shares, resulting in a turnover of around Rs 0.55 crore. The stock has outperformed its sector by 2.24%, while the broader market, represented by the Sensex, posted a modest gain of 0.13%.

Despite the positive performance, it is worth noting that investor participation has seen a decline, with delivery volume dropping to zero on October 16, marking a 100% decrease compared to the five-day average. The stock remains liquid enough for trades of Rs 0.05 crore, based on 2% of the five-day average traded value.

Overall, Spacenet Enterprises India Ltd's performance today highlights its strong market position, with key financial metrics indicating a favorable trading environment.