Alps Industries Ltd Hits Lower Circuit Limit with Intraday Low of Rs 1.91

Alps Industries Ltd, a microcap player in the Garments & Apparels sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 1.94, reflecting a decline of Rs 0.08 or 3.96% from the previous session. The stock's performance was notably below the sector average, underperforming by 3.95%.
During the trading session, Alps Industries reached an intraday high of Rs 2.07 and a low of Rs 1.91, indicating a price band of 5%. The total traded volume was approximately 0.58756 lakh shares, resulting in a turnover of Rs 0.0115 crore.

Despite the recent downturn, the stock remains above its 20-day and 50-day moving averages, although it is below the 5-day, 100-day, and 200-day moving averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 13.22% compared to the 5-day average.

In summary, Alps Industries Ltd's stock has faced a notable decline today, reflecting broader market trends and a shift in investor sentiment. The overall performance indicates a challenging environment for the company within its sector.