Sumeet Industries Stock Hits Upper Circuit Limit with Intraday High of Rs 37.34
Sumeet Industries Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, with significant trading activity. The stock has gained for three consecutive days, outperforming its sector. Despite a decrease in delivery volume, it remains above key moving averages, indicating a strong upward trend.
Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 37.34, reflecting a notable increase of 4.98%. The stock's last traded price stood at Rs 37.1, marking a change of Rs 1.53 or 4.3% for the day. The stock has been on a positive trajectory, gaining for three consecutive days and achieving a total return of 15.68% during this period. Today's performance outpaced the sector by 3.29%, indicating strong relative strength. The total traded volume reached approximately 2.55 lakh shares, contributing to a turnover of Rs 0.94 crore.
Sumeet Industries is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a robust upward trend. However, it is worth noting that delivery volume has decreased significantly, falling by 87.06% compared to the 5-day average.
Overall, Sumeet Industries has demonstrated solid performance today, reflecting positive momentum in the market.
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