Sumeet Industries Stock Hits Upper Circuit Limit with High Price of 35.86
Sumeet Industries Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today with notable trading activity. The stock's performance aligns with sector trends, showing increased investor participation and sufficient liquidity, while fluctuating within a defined price range throughout the day.
Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, has shown significant activity today, hitting its upper circuit limit with a high price of 35.86. The stock experienced a change of 1.49, reflecting a percentage increase of 4.36. The last traded price stood at 35.65, with intraday fluctuations ranging from a low of 33.05.Total traded volume reached approximately 1.93 lakh shares, contributing to a turnover of around Rs 0.67 crore. Notably, the stock's performance today aligns with sector trends, as it remains higher than the 50-day, 100-day, and 200-day moving averages, although it is lower than the 5-day and 20-day moving averages.
Investor participation has also seen a rise, with delivery volume on October 28 increasing by 47.6% compared to the 5-day average. The liquidity of Sumeet Industries is deemed sufficient for trades of Rs 0.02 crore, based on 2% of the 5-day average traded value.
In summary, Sumeet Industries has demonstrated robust performance today, marked by its upper circuit limit achievement and increased trading activity, reflecting a positive trend in the market.
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