Aarvee Denims Hits Upper Circuit Limit Amid Strong Market Demand and Liquidity

Aarvee Denims & Exports Ltd, a microcap player in the Garments & Apparels industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 160.87, marking a significant 5% increase from its previous close. This performance is notable as it outperformed the sector by 4.66%, reflecting strong market interest.
The stock opened with a gap up at Rs 160.87 and maintained this price throughout the trading session, indicating robust demand. With a total traded volume of approximately 0.22996 lakh shares and a turnover of Rs 0.3699 crore, the trading activity suggests a healthy level of liquidity, supported by a delivery volume that has surged by 102.54% compared to the five-day average.

Aarvee Denims has shown consistent performance, gaining for four consecutive days and achieving a remarkable 21.53% return over this period. Additionally, the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its strong market position. Overall, Aarvee Denims & Exports Ltd's performance today underscores its upward momentum in the market.