Visa Steel Stock Hits Upper Circuit Limit with Intraday High of Rs 45.27

Visa Steel Ltd, a microcap player in the ferrous metals industry, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 45.27, reflecting a significant gain of 4.99% from its previous close. This performance is notable as it has outperformed the sector, which only saw a 0.88% increase, and the broader market, represented by the Sensex, which declined by 0.19%.
The stock's trading volume today was approximately 0.11613 lakh shares, with a turnover of Rs 0.05257 crore. Visa Steel has been on a positive trajectory, gaining for three consecutive days and accumulating a total return of 15.72% during this period. Additionally, the stock opened with a gap up of 4.99%, maintaining its price at Rs 45.27 throughout the trading session.

Visa Steel is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. The stock is also close to its 52-week high, just 0.46% away from Rs 45.48. Overall, Visa Steel's performance today highlights its robust market position and positive momentum in the ferrous metals sector.