Ujaas Energy Ltd Shows Strong Momentum Amid Declining Delivery Volume in Renewable Sector

Apr 23 2025 10:00 AM IST
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Ujaas Energy Ltd, a midcap renewable energy company, reached its upper circuit limit today, achieving an intraday high of Rs 518.05. The stock has gained for five consecutive days, outperforming its sector and trading above key moving averages, reflecting strong market momentum despite a decline in delivery volume.
Ujaas Energy Ltd, a midcap player in the renewable energy sector, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 518.05, reflecting a significant gain of 5% from its opening price. The last traded price stands at Rs 493.4, marking an absolute change of Rs 23.45, or a 4.99% increase.

In terms of performance, Ujaas Energy has outperformed its sector by 4.76% and has been on a positive trajectory, gaining for the last five consecutive days with a total return of 27.54% during this period. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating strong momentum.

Despite a total traded volume of approximately 0.00429 lakh shares and a turnover of Rs 0.02116686 crore, there has been a noted decline in delivery volume, which has fallen by 31.52% compared to the 5-day average. Overall, Ujaas Energy's performance today highlights its robust position within the renewable energy industry, showcasing resilience and positive market sentiment.
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