Loyal Textile Mills Hits Upper Circuit Limit Amidst Market Volatility and Sector Decline
Loyal Textile Mills Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, closing at Rs 369.6 after recovering from an intraday low. The stock's trading volume was approximately 0.01939 lakh shares, with notable liquidity and positive short-term performance indicators.
Loyal Textile Mills Ltd, a microcap player in the Garments & Apparels industry, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 369.6, reflecting a notable change of Rs 17.6 or 5.0% from its previous close. Despite opening with a loss of 4.99% and touching an intraday low of Rs 350.95, the stock managed to recover and close at its high price.The total traded volume for the day was approximately 0.01939 lakh shares, resulting in a turnover of Rs 0.07098 crore. Notably, Loyal Textile Mills is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its short-term performance.
While the stock has underperformed its sector by 2.22% today, it has shown resilience with a narrow trading range of just Rs 1.05. The textile sector overall has seen a decline of 2.44%. In terms of liquidity, the stock remains accessible for trading, with delivery volume increasing significantly compared to its 5-day average.
Overall, Loyal Textile Mills Ltd's performance today highlights its ability to reach an upper circuit limit, showcasing a significant moment in its trading activity.
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