Lambodhara Textiles Ltd Achieves Significant Stock Surge Amid Strong Market Position
Lambodhara Textiles Ltd, a microcap in the Garments & Apparels industry, saw its stock reach an intraday high, marking a notable performance with a consecutive four-day gain. The stock traded actively, with significant volume and turnover, reflecting its strong market position despite a decline in delivery volume.
Lambodhara Textiles Ltd, a microcap player in the Garments & Apparels industry, has made headlines today as its stock hit the upper circuit limit, closing at an intraday high of Rs 152.68, reflecting a significant change of 25.44 points or 19.99%. The stock has shown remarkable performance, outperforming its sector by 20.49% and achieving a consecutive gain over the last four days, with a total increase of 21.14% during this period.The stock opened with a gain of 2% and traded within a wide range of Rs 25.43, with a low of Rs 127.25. Total traded volume reached approximately 7.06 lakh shares, contributing to a turnover of Rs 10.33 crore. Notably, Lambodhara Textiles is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a decline in delivery volume, which fell by 44.76% against the 5-day average, the stock remains liquid enough for trading activities. Overall, Lambodhara Textiles Ltd's performance today underscores its robust market position within the garments sector.
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