Univastu India Ltd Stock Hits Upper Circuit Limit with Intraday High of 104.88

Univastu India Ltd, a microcap player in the construction industry, has made headlines today as its stock hit the upper circuit limit, reaching a high price of 104.88. The stock experienced a notable change of 10.87, translating to a percentage increase of 12.44. This surge comes amid a total traded volume of approximately 6.28 lakh shares, resulting in a turnover of around Rs 6.25 crore. Despite this impressive performance, Univastu India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed trend in its longer-term performance. However, the stock has outperformed its sector by 13.65%, showcasing its relative strength in a challenging market environment. Investor participation has also seen a significant uptick, with delivery volume on October 10 rising by 203.81% compared to the 5-day average. This increase in activity suggests a growing interest in the stock, which is liquid enough for trades of Rs 0.02 crore based on 2% of the 5-day average traded value. In summary, Univastu India Ltd's stock performance today reflects a strong upward movement, marked by its upper circuit limit achievement and increased trading activity, while still navigating through longer-term moving averages.