Soma Textiles Stock Hits Upper Circuit Limit with Intraday High of Rs 138.93
Soma Textiles & Industries Ltd experienced significant trading activity today, reaching its upper circuit limit with an intraday high of Rs 138.93. The stock has gained 15.76% over the past three days and is trading above key moving averages, indicating a strong upward trend despite a slight decline in delivery volume.
Soma Textiles & Industries Ltd, a player in the Garments & Apparels sector, has shown remarkable activity today as it hit its upper circuit limit. The stock reached an intraday high of Rs 138.93, reflecting a 5% increase from its previous close. This performance is notable as the stock has been on a positive trajectory, gaining 15.76% over the last three days.Today, Soma Textiles opened with a gap up, starting at Rs 138.93, and maintained this price throughout the trading session. The total traded volume was approximately 0.03003 lakh shares, resulting in a turnover of Rs 0.0417 crore. The stock has outperformed its sector by 4.9%, while the broader market, represented by the Sensex, recorded a modest gain of 0.24%.
In terms of moving averages, Soma Textiles is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. However, it is worth noting that the delivery volume has seen a slight decline of 4.74% compared to the 5-day average.
Overall, Soma Textiles & Industries Ltd has demonstrated solid performance today, reflecting positive momentum in the market.
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