Uravi Defence & Technology Stock Hits Upper Circuit with Intraday High of Rs 229.78
Uravi Defence & Technology Ltd, a microcap in the Auto Components & Equipments sector, experienced notable trading activity today, reaching its upper circuit limit. The stock's recent performance indicates strong market interest, despite trading below key moving averages and a decline in delivery volume compared to previous averages.
Uravi Defence & Technology Ltd, a microcap player in the Auto Components & Equipments industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 229.78, reflecting a 5% increase from its previous close. This surge is part of a broader trend, as the stock has gained 4.57% over the last two days, outperforming its sector by 3.79%.The stock opened with a notable gain of 4.87% today, indicating strong market interest. Despite this positive momentum, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance in the longer term. The total traded volume today was approximately 0.02423 lakh shares, with a turnover of Rs 0.0554 crore.
In terms of liquidity, the stock remains accessible for trading, with delivery volume showing a decline of 76.55% compared to the 5-day average. Overall, Uravi Defence & Technology Ltd's performance today highlights a robust upward movement, marking a significant moment for the stock in the current market landscape.
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