Sadhana Nitro Chem Experiences Surge Amidst Diverging Long-Term Trends in Chemicals Sector

Apr 03 2025 11:00 AM IST
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Sadhana Nitro Chem Ltd has seen heightened trading activity, reaching its upper circuit limit with a notable price increase. The stock outperformed its sector and recorded significant trading volume, although it remains below key moving averages. Despite a drop in delivery volume, liquidity for trading remains sufficient.
Sadhana Nitro Chem Ltd, a microcap player in the chemicals industry, has experienced significant trading activity today, hitting its upper circuit limit with a high price of Rs 17.64. The stock recorded a change of Rs 0.84, reflecting a 5.0% increase, and has outperformed its sector by 5.14%.

Throughout the trading session, Sadhana Nitro Chem saw a total traded volume of approximately 2.5 lakh shares, resulting in a turnover of Rs 0.44 crore. The stock's performance over the last two days has been particularly strong, with a cumulative return of 10.25%. However, it is noteworthy that the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a divergence from longer-term trends.

Despite a decline in delivery volume, which fell by 16.32% compared to the 5-day average, the liquidity remains adequate for trading. Overall, Sadhana Nitro Chem's performance today highlights a robust upward movement, marking a notable day for the stock in the chemicals sector.
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