KPI Green Energy Ltd Achieves Upper Circuit Limit Amid Strong Market Activity
KPI Green Energy Ltd experienced significant trading activity today, reaching its upper circuit limit with an intraday high of Rs 411.2. The stock outperformed its sector and the broader market, with a total traded volume of approximately 6.59 lakh shares and a turnover of around Rs 26.59 crore.
KPI Green Energy Ltd, a mid-cap player in the Engineering - Industrial Equipments sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 411.2, reflecting a notable increase of 4.99% or Rs 19.55 from its previous close. The price band for the day was set at 5%, indicating a robust trading session.Total traded volume stood at approximately 6.59 lakh shares, contributing to a turnover of around Rs 26.59 crore. The stock's performance today outpaced its sector, which gained 2.14%, and also surpassed the broader market, with the Sensex returning just 0.23%.
Despite a decline in delivery volume, which fell by 11.7% against the five-day average, KPI Green Energy's liquidity remains adequate for trades of up to Rs 1.09 crore. The stock's weighted average price suggests that more volume was traded closer to its low price of Rs 390.9, while it continues to perform above its 5-day and 20-day moving averages.
In summary, KPI Green Energy Ltd's strong performance today highlights its position within the market, reflecting positive momentum in the engineering sector.
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