Shrenik Ltd Hits Upper Circuit Limit Amid Declining Investor Participation

Apr 23 2025 11:00 AM IST
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Shrenik Ltd, a microcap trading company, reached its upper circuit limit today, with a notable intraday return despite sector declines. The stock traded approximately 1.11 lakh shares, with a turnover of Rs 0.0079 crore. It remains above some moving averages, though investor participation has decreased significantly.
Shrenik Ltd, a microcap company in the trading industry, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 0.72, reflecting a positive change of Rs 0.02, or 2.9%. The last traded price was Rs 0.71, indicating a strong performance compared to its sector, outperforming by 1.24%.

Throughout the trading session, Shrenik Ltd recorded a total traded volume of approximately 1.11 lakh shares, contributing to a turnover of Rs 0.0079 crore. The stock's price band is set at 5%, with an intraday low of Rs 0.70.

In terms of moving averages, Shrenik Ltd is currently above its 20-day and 50-day moving averages, although it remains below the 5-day, 100-day, and 200-day averages. Notably, the stock has experienced a decline in investor participation, with delivery volume dropping to zero on April 22, marking a 100% decrease compared to the five-day average.

Overall, Shrenik Ltd's performance today highlights its resilience in the trading sector, with a notable intraday return of 1.45%, contrasting with the sector's decline of 1.51%.
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