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 significant trading activity. The stock's performance marked a trend reversal after previous declines, although delivery volume showed a decrease, indicating reduced investor participation.
Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of 35.86, reflecting a notable change of 1.49, or an increase of 4.36%. The last traded price was recorded at 35.65, with a low of 33.05 during the trading session.In terms of trading volume, Sumeet Industries saw a total traded volume of approximately 1.93 lakh shares, resulting in a turnover of around Rs 0.67 crore. The stock's performance today outperformed its sector by 1.59%, marking a trend reversal after two consecutive days of decline.
While the stock is currently trading above its 50-day, 100-day, and 200-day moving averages, it remains below the 5-day and 20-day moving averages. Notably, the delivery volume has decreased by 25.16% compared to the 5-day average, indicating a decline in investor participation.
Overall, Sumeet Industries Ltd has demonstrated a strong performance today, reflecting positive momentum in the market.
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