Viji Finance Ltd Experiences Surge in Stock Activity Amid Declining Investor Participation
Viji Finance Ltd, a microcap in the Finance/NBFC sector, experienced significant stock activity today, hitting the upper circuit limit. The stock has gained for two consecutive days, accumulating a total return of 12.86%. However, investor participation has declined, with delivery volume down 17.11% from the 5-day average.
Viji Finance Ltd, a microcap company in the Finance/NBFC sector, has shown remarkable activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 2.31, reflecting a change of Rs 0.21, which translates to a 10% increase. This performance has allowed Viji Finance to outperform its sector by 2.33% today.The stock has been on a positive trajectory, gaining for the last two consecutive days and accumulating a total return of 12.86% during this period. Despite this upward movement, the stock's performance is currently higher than its 5-day moving averages but lower than its 20-day, 50-day, 100-day, and 200-day moving averages.
In terms of trading activity, Viji Finance recorded a total traded volume of approximately 1.19 lakh shares, resulting in a turnover of Rs 0.027 crore. However, it is noteworthy that investor participation has seen a decline, with delivery volume falling by 17.11% compared to the 5-day average.
Overall, Viji Finance Ltd's stock performance today highlights a significant upward trend, marking a strong day for the company in the market.
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