Sumeet Industries Stock Hits Lower Circuit Limit at Rs 34.25 Amid Decline

Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 34.50, reflecting a decline of Rs 3.56 or 9.35% from the previous close. The stock reached an intraday low of Rs 34.25, marking a drop of 10.01% during the session.
Today's trading saw a total volume of approximately 7.94 lakh shares, resulting in a turnover of Rs 2.82 crore. The stock has shown high volatility, with an intraday volatility of 6.25%, and has traded within a wide range of Rs 3.66 throughout the day. Notably, Sumeet Industries has underperformed its sector by 8.28%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

Despite a notable increase in delivery volume, which surged by 550.01% compared to the 5-day average, the stock's performance today indicates a trend reversal after three consecutive days of gains. Overall, Sumeet Industries' performance reflects a challenging day in the market, with significant downward pressure impacting its trading activity.