Sangam (India) Stock Surges Amid Broader Market Gains and High Volatility

Sangam (India), a small-cap player in the textile industry, has experienced significant activity today, gaining 14.59% as of March 24, 2025. This surge has allowed the stock to outperform its sector by 13.9%. Over the past five days, Sangam has shown a remarkable upward trend, accumulating a total return of 24.28%.
The stock reached an intraday high of Rs 394.35, reflecting high volatility with an intraday fluctuation of 13.5%. In terms of moving averages, Sangam's current price is above the 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average.

In the broader market context, the Sensex has also been on an upward trajectory, climbing 410.70 points to reach 77,866.97, marking a 1.25% increase. The BSE Small Cap index is leading the market today, gaining 1.36%. Despite the recent gains, Sangam's performance over the last three months shows a decline of 8.41%, contrasting with the Sensex's slight decrease of 0.80% during the same period.