Akshar Spintex Ltd Hits Upper Circuit Limit Amid Declining Investor Participation
Akshar Spintex Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, with a trading volume of approximately 9.5 lakh shares. The stock's performance indicates a notable upward trend, despite a decline in investor participation and mixed moving average positions.
Akshar Spintex Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 0.56. The stock experienced a positive change of Rs 0.02, translating to a 3.7% increase, outperforming its sector, which recorded a 1D return of 0.89%. The stock's performance today was marked by a total traded volume of approximately 9.5 lakh shares, resulting in a turnover of Rs 0.051 crore. The intraday low was noted at Rs 0.54, indicating a stable trading range within the day's activity.
In terms of moving averages, Akshar Spintex is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day averages. However, there has been a decline in investor participation, with delivery volume dropping by 39.84% compared to the 5-day average.
Overall, Akshar Spintex Ltd's performance today reflects a notable upward trend, with the stock maintaining liquidity suitable for trading.
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