Sterling & Wilson Renewable Energy Stock Surges Amid Trend Reversal and Increased Trading Activity
Sterling & Wilson Renewable Energy Ltd experienced notable trading activity today, with its stock reaching an intraday high after a trend reversal following five days of decline. The total traded volume was approximately 8.94 lakh shares, indicating a positive shift in momentum compared to its sector performance.
Sterling & Wilson Renewable Energy Ltd, a mid-cap player in the engineering sector, has shown significant activity today as its stock hit the upper circuit limit. The stock reached an intraday high of Rs 271.8, marking a notable increase of 4.98% from the previous close. This performance comes after a trend reversal, as the stock gained following five consecutive days of decline.The total traded volume for the day was approximately 8.94 lakh shares, resulting in a turnover of around Rs 23.90 crore. The stock's last traded price stands at Rs 271.8, which is above the 50-day moving average but below the 5-day, 20-day, 100-day, and 200-day moving averages.
Despite a slight decline in delivery volume, which fell by 4.63% compared to the 5-day average, the stock remains liquid enough for trading, with a trade size of Rs 0.86 crore based on 2% of the 5-day average traded value.
Overall, Sterling & Wilson Renewable Energy Ltd's performance today reflects a positive shift in momentum, outperforming its sector by 3.84%, while the broader market indices also showed gains.
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