Visa Steel Stock Hits Upper Circuit Limit with Intraday High of Rs 73.68
Visa Steel Ltd has reached a new 52-week high, hitting its upper circuit limit with significant trading activity. The stock has gained consistently over the past 13 days, achieving substantial returns. Despite a decline in delivery volume, it remains above key moving averages, indicating strong market performance.
Visa Steel Ltd, a player in the Ferrous Metals industry, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 73.68. The stock experienced a notable change of Rs 3.5, reflecting a percentage increase of 4.99%. This performance marks a significant milestone, as it reached a new 52-week high today.The stock opened with a gain of 3.73% and has been on a consistent upward trajectory, gaining for the last 13 days and achieving an impressive 88.34% return during this period. With a total traded volume of approximately 1.04 lakh shares and a turnover of Rs 0.76 crore, Visa Steel has demonstrated robust trading activity.
In terms of moving averages, Visa Steel is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong performance relative to its historical price trends. However, it is worth noting that delivery volume has seen a decline of 86.69% compared to the 5-day average, suggesting a shift in investor participation.
Overall, Visa Steel's performance today underscores its strong market position within the microcap segment, reflecting positive momentum in the ferrous metals sector.
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