Alps Industries Stock Hits Upper Circuit Limit with High Price of Rs 2.04
Alps Industries Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, reflecting strong market activity. The stock has gained over the past two days, accumulating a total return of 9.57%. Despite mixed long-term performance, it demonstrates resilience in a challenging market.
Alps Industries Ltd, a microcap player in the Garments & Apparels sector, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 2.04, reflecting a change of Rs 0.09, or an increase of 4.62%. This performance is notable as it outperformed its sector by 4.89%, indicating a strong position in a challenging market environment.The stock has been on a positive trajectory, gaining for the last two consecutive days and accumulating a total return of 9.57% during this period. Despite this upward movement, the stock's performance remains mixed when compared to longer-term moving averages, being higher than the 5-day, 20-day, and 50-day averages, but lower than the 100-day and 200-day averages.
Today's trading saw a total volume of 0.38325 lakh shares, with a turnover of Rs 0.007396725 crore. However, there has been a slight decline in investor participation, with delivery volume decreasing by 0.15% against the 5-day average. Overall, Alps Industries Ltd's performance today highlights its resilience in the garments sector, with a notable achievement in hitting the upper circuit limit.
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