Mahalaxmi Fabric Mills Sees Surge in Investor Participation Amid Market Declines
Mahalaxmi Fabric Mills Ltd, a microcap in the Garments & Apparels sector, hit its upper circuit limit today, reaching an intraday high and showing strong trading activity. The stock has gained over the past two days, with a notable increase in investor participation and delivery volume.
Mahalaxmi Fabric Mills Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 28.73, reflecting a gain of 4.97% from its opening price. Currently, the last traded price stands at Rs 27.34, with a notable change of Rs 1.11, translating to a percentage increase of 4.23%.The stock has demonstrated a strong performance over the past two days, accumulating a total return of 7.13%. Today's trading session saw a total volume of approximately 0.14571 lakh shares, resulting in a turnover of Rs 0.0395 crore. Notably, the stock outperformed its sector by 2.4%, while the broader market indices, including the Sensex, experienced slight declines.
Despite trading below its moving averages across various time frames, Mahalaxmi Fabric Mills has witnessed a significant rise in investor participation, with delivery volume increasing by 508.57% compared to the five-day average. Overall, the stock's performance today highlights a positive trend in its trading activity, reflecting a robust interest from market participants.
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