Sundaram Brake Linings Ltd Achieves Upper Circuit Limit Amid Strong Market Performance

Mar 19 2025 02:00 PM IST
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Sundaram Brake Linings Ltd, a microcap in the Auto Ancillary sector, reached its upper circuit limit today, with an intraday high of Rs 782.25. The stock outperformed its sector and showed notable trading activity, despite a decline in delivery volume compared to the recent average.
Sundaram Brake Linings Ltd, a microcap player in the Auto Ancillary sector, has shown remarkable performance today, hitting its upper circuit limit. The stock reached an intraday high of Rs 782.25, reflecting a 5% increase from the previous close. This surge comes as the stock outperformed its sector by 3.52%, indicating strong relative strength in a competitive market.

The stock opened with a gap up, gaining 2.95% at the start of trading. Throughout the day, it traded within a price band of 5%, with a low of Rs 745.0. Total traded volume stood at approximately 0.01816 lakh shares, resulting in a turnover of Rs 0.1385 crore.

Despite a decline in delivery volume, which fell by 56.37% against the 5-day average, the stock remains liquid enough for trading activities. Currently, Sundaram Brake Linings is positioned above its 5-day moving averages, although it is below the longer-term moving averages of 20, 50, 100, and 200 days.

In summary, Sundaram Brake Linings Ltd has demonstrated strong performance today, marked by significant price movement and trading activity, reflecting its current market position.
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