Valiant Laboratories Hits Upper Circuit Limit Amid Strong Market Momentum

Valiant Laboratories Ltd, a microcap player in the Pharmaceuticals & Biotechnology sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 120.54, reflecting a 5% increase from its previous trading session. This surge is part of a broader trend, as Valiant Laboratories has been gaining momentum over the past three days, with a total return of 4.52% during this period.
The stock opened with a notable gain of 4.53% today, and its performance has outpaced the sector by 2.04%. With a last traded price of Rs 117.5, the stock has demonstrated resilience, trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a decrease in delivery volume, which fell by 77.44% against the 5-day average, the total traded volume reached approximately 0.57355 lakh, resulting in a turnover of Rs 0.6865 crore. Overall, Valiant Laboratories' performance today highlights its strong market position and positive momentum within the industry.