Alok Industries Sees Increased Trading Activity Amid Notable Market Volatility

Alok Industries Ltd, a prominent player in the Garments & Apparels sector, has emerged as one of the most active equities today, with a total traded volume of 129,281,249 shares and a total traded value of approximately Rs 29,230.49 lakhs. The stock opened at Rs 20.97 and reached an intraday high of Rs 23.25, reflecting an 11.83% increase from its previous close of Rs 20.79.
Over the past two days, Alok Industries has shown a notable performance, gaining 9.2% and outperforming its sector by 8.12%. The stock has traded within a wide range of Rs 2.46 today, indicating significant volatility. Currently, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend in its price action.

However, it is worth noting that investor participation has declined, with delivery volume on July 16 falling by 40.33% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 0.8 crore, based on 2% of the 5-day average traded value. Overall, Alok Industries continues to demonstrate robust activity in the market, reflecting its mid-cap status with a market capitalization of Rs 11,231.37 crore.