Uravi Defence & Technology Ltd Shows Strong Market Activity Amid Auto Ancillary Gains
Uravi Defence & Technology Ltd, a microcap in the Auto Ancillary sector, reached its upper circuit limit today, with significant trading activity. The stock has gained for three consecutive days, outperforming its sector. Despite a decline in delivery volume, it remains liquid, reflecting a strong market position.
Uravi Defence & Technology Ltd, a microcap player in the Auto Ancillary sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 450, reflecting a notable increase of 2.44% during the trading session. The last traded price stood at Rs 438, marking an absolute change of Rs 18.55, which corresponds to a percentage change of 4.42%.The stock has been on a positive trajectory, gaining for three consecutive days and delivering a total return of 6.47% over this period. Today's performance outpaced the sector, with Uravi Defence outperforming by 0.49%. The total traded volume reached approximately 0.66 lakh shares, resulting in a turnover of Rs 2.84 crore.
In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Despite a decline in delivery volume, which fell by 84.78% compared to the 5-day average, the stock maintains sufficient liquidity for trading activities.
Overall, Uravi Defence & Technology Ltd's performance today underscores its strong market position within the Auto Ancillary industry.
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