SPML Infra Hits Upper Circuit Limit, Reflecting Strong Market Momentum and Activity

SPML Infra Ltd, a small-cap player in the Capital Goods industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 165.85, reflecting a notable increase of 4.99% from its previous close. This surge marks the third consecutive day of gains for SPML Infra, contributing to a total return of 15.75% over this period.
Trading activity today saw a total volume of approximately 0.11454 lakh shares, resulting in a turnover of Rs 0.18996459 crore. The stock opened with a gap up, maintaining its price throughout the trading session without any fluctuations. Notably, SPML Infra has outperformed its sector by 4.82%, while the broader market, represented by the Sensex, recorded a modest gain of 0.61%.

In terms of moving averages, SPML Infra is currently positioned above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Despite a significant drop in delivery volume, the stock's liquidity remains adequate for trading activities. Overall, SPML Infra's performance today underscores its strong market presence and recent upward momentum.