Ircon International Sees Surge in Trading Activity Amid Sector Rebound

Ircon International Ltd, a mid-cap player in the engineering sector, has emerged as one of the most active stocks today, with a total traded volume of 18,588,045 shares and a total traded value of approximately Rs 2,743.04 million. The stock opened at Rs 143.6, reflecting a gain of 3.93% from the previous close of Rs 138.17, and reached an intraday high of Rs 150.4, marking an increase of 8.85% during the trading session.
Notably, Ircon International has outperformed its sector, which saw a gain of 2.38%, by 3.65%. This performance comes after a five-day period of consecutive declines, indicating a potential trend reversal. The stock's last traded price stands at Rs 147.44, while its liquidity remains robust, with a delivery volume of 127,800 shares on March 17, reflecting a 7.13% increase against the five-day average.

In terms of moving averages, the stock is currently above its five-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. Overall, Ircon International's performance today highlights a significant rebound in activity and investor participation within the engineering sector.