Zenith Steel Pipes Hits Upper Circuit Limit with High Price of Rs 9.38

Zenith Steel Pipes & Industries Ltd, a microcap player in the Iron & Steel Products sector, has shown remarkable activity today, hitting its upper circuit limit with a high price of Rs 9.38. The stock experienced a notable change of Rs 0.44, translating to a percentage increase of 4.92%. This performance stands out as it has outperformed its sector by 5.38%, while the broader market, represented by the Sensex, recorded a modest gain of 0.50%.
Throughout the trading session, Zenith Steel's total traded volume reached approximately 1.70624 lakh shares, resulting in a turnover of Rs 0.160 crore. The stock has been on a positive trajectory, gaining for three consecutive days and accumulating a total return of 14.53% during this period. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

Despite a significant drop in delivery volume, which fell by 95.95% compared to the 5-day average, the liquidity remains sufficient for trading activities. Overall, Zenith Steel Pipes & Industries Ltd has demonstrated solid performance metrics today, reflecting its current market position within the industry.