SPL Industries Ltd Achieves Upper Circuit Limit Amidst Active Market Momentum

Apr 23 2025 10:00 AM IST
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SPL Industries Ltd, a microcap textile company, reached its upper circuit limit today, marking its sixth consecutive day of gains. The stock exhibited high volatility with significant intraday fluctuations and outperformed its sector. Despite a decline in delivery volume, it maintains adequate liquidity and shows ongoing momentum in the market.
SPL Industries Ltd, a microcap player in the textile industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 37.17, reflecting a notable change of Rs 1.6, or 4.52%, from its previous close. This performance marks the sixth consecutive day of gains for SPL Industries, with a total increase of 10.81% over this period.

The stock's trading activity today was characterized by high volatility, with an intraday fluctuation of 5.2%. Despite this volatility, the stock's performance outpaced its sector by 0.97%. The total traded volume stood at approximately 0.12843 lakh shares, resulting in a turnover of Rs 0.0467 crore.

SPL Industries has shown resilience, trading above its 5-day and 20-day moving averages, although it remains below its longer-term moving averages. The stock's liquidity appears adequate for trading, with delivery volume reflecting a decline compared to recent averages. Overall, SPL Industries Ltd's performance today underscores its active market presence and ongoing momentum in the textile sector.
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