RBZ Jewellers Hits Upper Circuit Limit Amid Mixed Long-Term Performance Indicators

Mar 24 2025 12:00 PM IST
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RBZ Jewellers Ltd, a microcap in the Diamond & Gold Jewellery sector, reached its upper circuit limit today, achieving an intraday high of Rs 146.28. The stock outperformed its sector, despite a significant decline in delivery volume. It currently shows a mixed trend in moving averages.
RBZ Jewellers Ltd, a microcap player in the Diamond & Gold Jewellery industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 146.28, reflecting a notable increase of 5.0% or Rs 6.96 from the previous close. This performance stands out as the stock has outperformed its sector, which saw a decline of 1.95% today.

The total traded volume for RBZ Jewellers was approximately 0.47976 lakh shares, resulting in a turnover of Rs 0.688 crore. Despite a significant rise in price, the delivery volume has seen a sharp decline of 89.63% compared to the five-day average, indicating a potential shift in investor participation.

In terms of moving averages, the stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day averages. This suggests a mixed trend in the stock's performance over a longer period.

Overall, RBZ Jewellers Ltd has demonstrated strong performance today, with a 1D return of 5.00%, marking a positive day for the company in the market.
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