Zinka Logistics Solutions Shows High Trading Activity Amidst Sector Outperformance

Zinka Logistics Solutions Ltd, trading under the symbol BLACKBUCK, has emerged as one of the most active equities by volume today, with a total traded volume of 20,948,574 shares and a total traded value of approximately Rs 88.39 crore. The stock opened at Rs 423.1, reflecting a loss of 3.32% from the previous close of Rs 437.65. Throughout the day, it reached a high of Rs 448.4, marking a 2.46% increase, while the intraday low was recorded at Rs 420, a decline of 4.03%.
Despite the initial drop, Zinka Logistics Solutions has outperformed its sector, achieving a 1.46% return compared to the sector's 0.63% and the Sensex's decline of 0.29%. The stock has shown high volatility today, with an intraday volatility of 5.45%. Additionally, the stock's performance is above the 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages.

Investor participation appears to be declining, with delivery volume on June 2 falling by 47.62% compared to the 5-day average. Nonetheless, the stock remains liquid enough for trades of Rs 0.51 crore, supported by a market capitalization of Rs 7,914.01 crore in the mid-cap segment. Overall, Zinka Logistics Solutions has demonstrated significant activity and volatility in today's trading session.