Akshar Spintex Ltd Stock Hits Upper Circuit Limit at Rs 0.61 High Price
Akshar Spintex Ltd, a microcap in the Garments & Apparels sector, experienced notable trading activity as its stock reached the upper circuit limit. The company recorded a significant volume of shares traded and demonstrated relative strength against its sector, despite a decline in delivery volume.
Akshar Spintex Ltd, a microcap company in the Garments & Apparels industry, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 0.61, reflecting a notable increase of 3.39% from the previous trading session. The last traded price also stands at Rs 0.61, indicating a positive shift in market sentiment.Throughout the trading day, Akshar Spintex recorded a total traded volume of approximately 8.81 lakh shares, resulting in a turnover of around Rs 0.05 crore. The stock's performance today outperformed its sector by 1.31%, showcasing its relative strength in the market.
In terms of moving averages, the stock is currently above the 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day averages. Notably, the delivery volume has seen a significant decline, falling by 97.17% compared to the 5-day average, indicating a shift in investor participation.
Overall, Akshar Spintex Ltd's performance today highlights its resilience in the market, with a strong intraday performance and a solid position within its industry.
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