Sumeet Industries Hits Upper Circuit Limit with Intraday High of Rs 35.57
Sumeet Industries Ltd experienced significant trading activity today, reaching its upper circuit limit with a notable intraday high. The stock has shown strong performance, outperforming its sector and the broader market. However, delivery volume has decreased considerably compared to recent averages, indicating a mixed trading environment.
Sumeet Industries Ltd, a player in the Garments & Apparels sector, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 35.57, reflecting a 4.99% increase. The stock's last traded price also stands at Rs 35.57, marking a positive change of Rs 1.69. The stock opened with a gain of 2.69% and has been on an upward trajectory, gaining 10.23% over the last two days. Total traded volume reached approximately 3.04 lakh shares, contributing to a turnover of around Rs 1.06 crore. Notably, Sumeet Industries has outperformed its sector by 4.08% today, while the broader market, represented by the Sensex, recorded a return of 0.85%.
Sumeet Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance trend. However, it is worth noting that delivery volume has decreased significantly, falling by 78.7% compared to the 5-day average. Overall, Sumeet Industries has demonstrated solid performance today, reflecting positive momentum in the market.
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