Sumeet Industries Achieves Remarkable 16-Day Winning Streak Amid Strong Market Momentum
Sumeet Industries Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, marking a notable 10% increase and extending a 16-day winning streak with a remarkable 3080.33% return. The stock outperformed its sector and major indices, indicating strong market momentum.
Sumeet Industries Ltd, a microcap player in the Garments & Apparels sector, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 95.41, marking a significant 10% increase from its previous close. This surge is part of a remarkable trend, as the stock has been on a winning streak for the last 16 days, accumulating an impressive 3080.33% return during this period.Today, Sumeet Industries opened with a gap up, reflecting strong market momentum. The total traded volume stood at approximately 0.02776 lakh shares, contributing to a turnover of Rs 0.0265 crore. Notably, the stock has consistently outperformed its sector, achieving a 1D return of 10.00%, compared to a mere 0.19% for the sector and 0.12% for the Sensex.
In terms of technical performance, Sumeet Industries is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong bullish trend. Despite a decline in delivery volume, the stock remains liquid enough for trading activities. Overall, Sumeet Industries has demonstrated robust performance today, reflecting its strong market position within the industry.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
Most Read
