MIC Electronics Ltd Experiences Surge in Trading Activity Amid Positive Momentum

Mar 18 2025 10:00 AM IST
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MIC Electronics Ltd experienced notable trading activity, reaching its upper circuit limit and achieving an intraday high. The stock has gained over the past two days, outperforming its sector. However, there has been a decline in investor participation, with delivery volume significantly lower than the recent average.
MIC Electronics Ltd, a small-cap player in the trading industry, has shown significant activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 62.79, reflecting a 5% increase from its previous close. The last traded price was Rs 62.1, marking a change of Rs 2.3, or a 3.85% rise.

In terms of trading volume, MIC Electronics recorded a total traded volume of approximately 2.34 lakh shares, resulting in a turnover of around Rs 1.46 crore. The stock has been on a positive trajectory, gaining for the last two days and achieving a cumulative return of 9.73% during this period. Notably, it outperformed its sector by 3.34% today.

While the stock is currently above its 5-day and 20-day moving averages, it remains below its 50-day, 100-day, and 200-day moving averages. However, there has been a decline in investor participation, with delivery volume dropping by 47.88% compared to the 5-day average.

Overall, MIC Electronics Ltd's performance today highlights its strong market position and recent upward momentum, reflecting a positive trend in its trading activity.
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