Garden Reach Shipbuilders Sees Surge in Trading Activity Amid Market Volatility
Garden Reach Shipbuilders & Engineers Ltd has seen substantial trading activity, reaching its upper circuit limit with a notable intraday high. The stock displayed high volatility and significant engagement, with a total traded volume of approximately 71.85 lakh shares and a turnover of Rs 1111.37 crore, indicating robust market interest.
Garden Reach Shipbuilders & Engineers Ltd, a prominent player in the shipbuilding industry, has experienced significant activity today, hitting its upper circuit limit. The stock reached an impressive intraday high of Rs 1641.35, reflecting a notable change of Rs 273.55, or 20%, from the previous close. This surge comes as the stock has outperformed its sector by 11.43%, showcasing a strong performance amid a broader market context.Throughout the trading session, the stock exhibited high volatility, with an intraday volatility of 6.19%. It traded within a wide range of Rs 269.35, indicating robust market engagement. The total traded volume reached approximately 71.85 lakh shares, contributing to a turnover of Rs 1111.37 crore.
In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Despite a slight decline in delivery volume, the stock maintains sufficient liquidity for trades of Rs 3.43 crore, reflecting its active market position.
Overall, Garden Reach Shipbuilders & Engineers Ltd has demonstrated strong performance metrics today, marking a significant milestone in its trading activity.
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