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, trading at Rs 2.04 with notable volume. Despite underperforming its sector, the stock remains above several moving averages, indicating resilience amid market volatility, with a recorded intraday low of Rs 1.87.
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, which translates to a percentage increase of 4.62%. The stock's performance today has been noteworthy, with a total traded volume of approximately 0.38325 lakh shares and a turnover of Rs 0.007396725 crore.Despite underperforming its sector by 0.89%, Alps Industries has managed to maintain a position above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. The stock's liquidity appears adequate, with trading activity representing 2% of the 5-day average traded value.
The intraday low for the stock was recorded at Rs 1.87, showcasing the volatility within the trading session. Overall, Alps Industries Ltd's performance today highlights its resilience in the market, with a 1D return of 1.49%, contrasting with the sector's marginal decline. This activity underscores the stock's current standing in the market without delving into future implications.
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