Zodiac Energy Stock Hits Upper Circuit Limit with Intraday High of Rs 402.9
Zodiac Energy Ltd, a microcap in the construction sector, reached its upper circuit limit today, with an intraday high of Rs 402.9. The stock outperformed its sector and the broader market, although investor participation declined significantly. It remains above several moving averages, indicating a strong market position.
Zodiac Energy Ltd, a microcap player in the construction industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 402.9, reflecting a notable increase of 4.99% from the previous trading session. The last traded price stood at Rs 399.0, marking a change of Rs 15.25 or 3.97%. The stock's performance today outperformed its sector by 4.77%, while the broader market, represented by the Sensex, recorded a modest gain of 0.87%. Despite the positive momentum, investor participation appears to be declining, with delivery volume dropping by 59.47% compared to the five-day average.
Zodiac Energy's total traded volume reached approximately 0.19361 lakh shares, resulting in a turnover of Rs 0.7679 crore. The stock is currently trading above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages.
Overall, Zodiac Energy Ltd's performance today highlights its strong market position within the construction sector, as it continues to attract attention amid fluctuating investor activity.
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