Hitech Corporation's Stock Surge Highlights Resilience Amid Market Challenges

Mar 13 2025 02:00 PM IST
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Hitech Corporation Ltd's stock surged to an intraday high of Rs 197.05, rebounding after three days of decline. The stock traded 2.53 lakh shares, with a turnover of Rs 4.74 crore. Increased investor participation and notable volatility underscore the company's resilience in a challenging market.
Hitech Corporation Ltd, a microcap player in the packaging industry, has made headlines today as its stock hit the upper circuit limit, closing at an intraday high of Rs 197.05. This marks a significant change of Rs 32.84, translating to a 20% increase, as the stock rebounded after three consecutive days of decline.

The stock traded within a wide range of Rs 33.05, with a low of Rs 164.0, and saw a total traded volume of approximately 2.53 lakh shares, resulting in a turnover of Rs 4.74 crore. Notably, Hitech Corporation's performance today outpaced its sector by 20.23%, showcasing a strong recovery amid a generally subdued market, where the sector and Sensex recorded slight declines of 0.23% and 0.11%, respectively.

Investor participation has also surged, with delivery volume increasing by 150.13% compared to the five-day average. The stock's volatility was marked at 5.62%, indicating significant trading activity. Overall, Hitech Corporation's performance today reflects a notable turnaround, highlighting its resilience in a challenging market environment.
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