Veto Switchgears & Cables Ltd Shows Strong Momentum Amid Increased Investor Participation

May 29 2025 11:00 AM IST
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Veto Switchgears & Cables Ltd has gained attention by reaching its upper circuit limit, with significant intraday movement and strong performance metrics. The stock has shown consistent gains over three days, increased trading volume, and is positioned above key moving averages, indicating robust market interest and momentum.
Veto Switchgears & Cables Ltd, a microcap player in the Electronics & Appliances sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 131.62, reflecting a significant change of Rs 21.93 or 19.99% from the previous close. This performance is notable as it outperformed the sector by 20.14%, showcasing strong momentum.

The stock opened with a gap up of 8.49% and has been on a positive trajectory, gaining for the last three consecutive days, resulting in a total return of 22.49% over this period. Veto Switchgears traded within a wide range of Rs 12.62 today, with a total traded volume of approximately 11.07 lakh shares and a turnover of Rs 14.03 crore.

Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust performance trend. The delivery volume has also seen a notable increase, rising by 92.81% against the 5-day average, suggesting heightened investor participation. Overall, Veto Switchgears & Cables Ltd has demonstrated strong performance metrics today, reflecting its solid market position.
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