Pasupati Acrylon's Stock Surge Highlights Strong Market Position in Textile Sector

Mar 11 2025 03:00 PM IST
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Pasupati Acrylon Ltd, a microcap in the textile sector, saw its stock hit the upper circuit limit, reaching an intraday high of Rs 51.3. The stock demonstrated significant trading activity with a total volume of approximately 9.44 lakh shares, indicating strong market interest despite a decline in delivery volume.
Pasupati Acrylon Ltd, a microcap player in the textile industry, has made headlines today as its stock hit the upper circuit limit, reflecting a significant upward movement. The stock reached an intraday high of Rs 51.3, marking a notable increase of Rs 8.55 or 20% from its previous close. This performance has outpaced the sector, with Pasupati Acrylon outperforming by 20.65%.

Throughout the trading session, the stock exhibited a wide price range, fluctuating between a low of Rs 42.75 and the aforementioned high. The total traded volume stood at approximately 9.44 lakh shares, contributing to a turnover of Rs 4.64 crore. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend.

Despite a decline in delivery volume, which fell by 24.11% against the 5-day average, the liquidity remains sufficient for trading activities. Overall, Pasupati Acrylon's performance today underscores its robust market position within the textile sector, reflecting positive momentum in its trading activity.
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