Tamil Nadu Petro Products Hits Upper Circuit Limit with Intraday High of Rs 113.93
Tamil Nadu Petro Products Ltd, a microcap in the petrochemicals sector, reached its upper circuit limit today, with significant trading activity and a notable intraday high. The stock has shown consistent gains over the past three days, outperforming its sector and indicating strong market interest despite a decrease in delivery volume.
Tamil Nadu Petro Products Ltd, a microcap player in the petrochemicals industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 113.93, reflecting a notable increase of 4.99% from its previous close. This surge is part of a broader trend, as the stock has been on a gaining streak for the last three days, accumulating a total return of 5.15% during this period.The stock opened with a gain of 2.29% today, indicating strong market interest. With a last traded price of Rs 112.35, Tamil Nadu Petro Products has outperformed its sector by 2.13%. The total traded volume reached approximately 2.15 lakh shares, contributing to a turnover of Rs 2.42 crore.
In terms of moving averages, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a positive trend in its performance. However, it is worth noting that delivery volume has decreased by 18.42% compared to the 5-day average, indicating a potential shift in investor participation.
Overall, Tamil Nadu Petro Products Ltd has demonstrated strong performance metrics today, reflecting its current market position within the petrochemicals sector.
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