Vardhman Special Steels Ltd Experiences Significant Trading Surge Amid High Volatility
Vardhman Special Steels Ltd experienced significant trading activity today, hitting its upper circuit limit with an intraday high of Rs 248.94. The stock demonstrated high volatility and strong investor participation, with a notable increase in delivery volume, reflecting its robust market position and momentum in the steel industry.
Vardhman Special Steels Ltd, a small-cap player in the Steel/Sponge Iron/Pig Iron industry, has made headlines today by hitting its upper circuit limit. The stock reached an impressive intraday high of Rs 248.94, reflecting a significant change of Rs 41.49, or 20.0%, from the previous close. This surge comes as the stock has outperformed its sector by 20.9%, showcasing strong momentum.Throughout the trading session, Vardhman Special Steels exhibited high volatility, with an intraday fluctuation of 6.39%. The stock traded within a wide range of Rs 40.95, indicating robust trading activity. Total traded volume reached approximately 3.41 lakh shares, contributing to a turnover of Rs 8.02 crore.
In terms of performance metrics, the stock has shown consecutive gains over the last two days, accumulating a total return of 22.47% during this period. Additionally, the stock's delivery volume has increased significantly, rising by 72.49% compared to the five-day average, suggesting heightened investor participation.
Overall, Vardhman Special Steels Ltd's performance today highlights its strong market position and active trading environment, marking a noteworthy day for the company.
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