Unitech Ltd's Stock Hits Upper Circuit Limit with Intraday High of Rs 7.6

Unitech Ltd, a small-cap player in the realty sector, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 7.6. The stock experienced a positive change of Rs 0.13, translating to a 1.8% increase. This performance comes after a trend reversal, as the stock gained following three consecutive days of decline.
In terms of trading metrics, Unitech recorded a total traded volume of approximately 51.31 lakh shares, resulting in a turnover of Rs 3.81 crore. The last traded price (LTP) stood at Rs 7.37, indicating a solid performance relative to its sector, outperforming it by 1.56% today. The stock's delivery volume also saw a notable rise, with 30.3 lakh shares delivered on October 8, marking a 66.95% increase compared to the five-day average.

Unitech's moving averages reveal that it is currently above the 20-day and 50-day averages, although it remains below the 5-day, 100-day, and 200-day averages. Overall, the stock's performance today reflects a positive shift in market sentiment, contributing to its upward trajectory in the realty sector.