Supercharge performance: Indo National hits 20 per cent upper circuit with record volume

Nippo, which is more or less a household name in India, is also the name synonymous with batteries manufactured by Indo National Limited.  

Since its inception in 1972, Nippo has been providing its millions of customers with a quality and performance that is next to none. Nippo also markets various ranges of LED torch lights to cater to customer requirements. It has launched LED emergency power backup range products. The company has got wide acceptance across the country for its unique products, which help in solving the power needs.  

On Thursday, the stock hits 20 per cent circuit and recorded volume of 99,921, which is a multifold rise compared to its 20-day average volume of 9,684. Furthermore, the volumes recorded were the highest since November 2019.   

The stock opened at a level of Rs 892.25, which happens to be the low of the day. Besides, it closed at Rs 1,047.35, which also happens to be the high of the day. As a result of this, it led to the formation of a bullish Marubozu candle. Despite this sharp upmove, the stock has underperformed when compared with the performance of Eveready Industries in the last one year.    

The stock is up by 45.5 per cent on a YTD basis and it is trading above all its important moving averages.