Digjam Ltd Shows Resilience with Significant Gains Amid Declining Investor Participation
Digjam Ltd, a microcap textile company, reached its upper circuit limit today, with an intraday high of Rs 38.44 and a notable gain during the session. The stock has shown a strong upward trend over the past two days, outperforming its sector, despite a decline in delivery volume.
Digjam Ltd, a microcap player in the textile industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 38.44, reflecting a robust gain of 4.86% during the trading session. The last traded price stands at Rs 36.66, marking an absolute change of 1.74 and a percentage change of 4.98%. The stock has been on an upward trajectory, gaining 10.08% over the last two days and outperforming its sector by 5.08% today. It opened with a gap up of 3.08%, indicating strong market interest. Despite a total traded volume of 0.0564 lakh and a turnover of Rs 0.0205 crore, the stock's delivery volume has seen a decline of 52.04% compared to the five-day average, suggesting a decrease in investor participation.
In terms of moving averages, Digjam Ltd is currently above its 5-day and 20-day averages but below the 50-day, 100-day, and 200-day averages. Overall, the stock's performance today highlights its resilience in a challenging market environment, with notable gains and a strong position within its sector.
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