Alps Industries Hits Lower Circuit Limit with Intraday Low of Rs 1.81

Alps Industries Ltd, a microcap player in the Garments & Apparels sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) stood at Rs 1.87, reflecting a decline of Rs 0.04 or 2.09% from the previous close. The stock's performance was notably below the sector average, underperforming by 1.86%.
During the trading session, Alps Industries reached an intraday high of Rs 1.94 and a low of Rs 1.81, indicating a price band of 5%. The total traded volume was approximately 0.70411 lakh shares, resulting in a turnover of Rs 0.0129 crore. The stock has been on a downward trend, having fallen consecutively for two days, with a total decline of 7.43% over this period.

In terms of moving averages, the stock is currently above the 50-day moving average but below the 5-day, 20-day, 100-day, and 200-day averages. Notably, delivery volume increased to 80.87 thousand shares on November 17, marking a rise of 5.26% compared to the 5-day average delivery volume. Overall, Alps Industries Ltd's performance today reflects ongoing challenges within the market context.