AKI India Ltd Stock Surges, Highlighting Strong Market Momentum in Leather Sector
AKI India Ltd, a microcap in the leather sector, saw its stock reach the upper circuit limit at Rs 7.39, marking a notable performance with a three-day total return of 6.88%. Despite a decline in delivery volume, trading activity remains robust, indicating strong market interest.
AKI India Ltd, a microcap player in the leather industry, has made headlines today as its stock hit the upper circuit limit, reaching a high price of Rs 7.39. The stock experienced a notable change of Rs 0.21, translating to a percentage increase of 2.98%. This performance stands out, particularly as it has outperformed its sector by 3.37% and has shown a consecutive gain over the last three days, accumulating a total return of 6.88% during this period.The stock's last traded price (LTP) was Rs 7.25, with an intraday low of Rs 6.76. Total traded volume for the day was approximately 0.41379 lakh shares, resulting in a turnover of Rs 0.03 crore. Despite a decline in delivery volume, which fell by 73.19% compared to the five-day average, the stock remains liquid enough for trading activities.
In terms of moving averages, AKI India Ltd is currently above its five-day moving average but below its longer-term averages. Overall, the stock's performance today reflects a strong upward trend, marking a significant moment for the company in the market.
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