Sumeet Industries Stock Hits Upper Circuit Limit with Intraday High of Rs 35.18
Sumeet Industries Ltd, a microcap in the Garments & Apparels sector, experienced notable trading activity, reaching its upper circuit limit with a significant intraday high. The stock's performance today marked a trend reversal after previous declines, despite a decrease in delivery volume compared to recent averages.
Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, has shown significant activity today, hitting its upper circuit limit with an impressive intraday high of Rs 35.18, reflecting a change of 1.67 and a percentage increase of 4.98%. The stock's performance today outpaced its sector by 4.93%, marking a notable trend reversal after two consecutive days of decline.The total traded volume reached approximately 1.84 lakh shares, resulting in a turnover of Rs 0.63 crore. Despite a decrease in delivery volume, which fell by 56.11% compared to the five-day average, the stock remains liquid enough for trades of Rs 0.02 crore based on 2% of the five-day average traded value.
In terms of moving averages, Sumeet Industries is currently positioned higher than the 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. Overall, the stock's performance today reflects a strong rebound, contributing positively to its market position within the Garments & Apparels industry.
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