Suraj Ltd's Stock Surge Highlights Strong Market Position in Steel Sector
Suraj Ltd, a microcap in the steel industry, reached its upper circuit limit today, with an intraday high of Rs 379.3. The stock has shown strong performance, outperforming its sector and gaining for three consecutive days, despite a significant drop in delivery volume.
Suraj Ltd, a microcap company in the Steel/Sponge Iron/Pig Iron industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 379.3, reflecting a significant increase of 9.99% from its previous trading session. The last traded price (LTP) stands at Rs 373.0, marking an absolute change of 28.15.In terms of trading volume, Suraj Ltd recorded a total traded volume of approximately 0.05543 lakh shares, resulting in a turnover of Rs 0.2089 crore. The stock has outperformed its sector, achieving a 1D return of 8.16%, compared to the sector's return of 2.92% and the Sensex's return of 1.38%.
Despite a notable drop in delivery volume, which fell by 96.99% 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. Suraj Ltd has been on a positive trajectory, gaining for three consecutive days and accumulating a total return of 12.94% during this period. Overall, the stock's performance today highlights its strong market position within the steel sector.
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