Visa Steel Stock Hits Upper Circuit Limit with Intraday High of Rs 70.18
Visa Steel Ltd, a microcap company in the ferrous metals industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 70.18, reflecting a notable increase of 5% from its previous close. This performance marks a significant milestone as it also achieved a new 52-week high.The stock has shown remarkable resilience, gaining for the last 12 consecutive days and delivering an impressive 79.4% return during this period. Today's trading saw a total volume of approximately 0.06417 lakh shares, with a turnover of Rs 0.045 crore. The stock opened with a gap up of 5%, maintaining its price throughout the trading session.
Visa Steel's performance today outpaced its sector, which recorded a mere 0.23% increase, while the broader Sensex rose by 0.41%. Additionally, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Overall, Visa Steel's performance today underscores its robust market position and positive momentum in the ferrous metals sector.
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