Super Spinning Mills Ltd Experiences Surge Amid Broader Market Declines
Super Spinning Mills Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, reflecting strong market interest. The stock traded within a 10% range, with significant volume and turnover, while outperforming its sector despite broader market declines.
Super Spinning Mills Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 11.26. The stock experienced a positive change of Rs 0.35, translating to a 3.42% increase from the previous trading session. The last traded price stood at Rs 10.59, indicating strong market interest.Throughout the day, the stock traded within a price band of 10%, with a low of Rs 10.06. Total traded volume reached approximately 0.79125 lakh shares, contributing to a turnover of Rs 0.0855 crore. Notably, Super Spinning Mills outperformed its sector by 3.69%, while the broader market indices, including the Sensex, reported declines.
In terms of moving averages, the stock is currently above its 5-day and 20-day averages but remains below the 50-day, 100-day, and 200-day averages. Despite a decrease in delivery volume, which fell by 40.45% against the 5-day average, the stock's liquidity remains adequate for trading.
Overall, Super Spinning Mills Ltd's performance today reflects a robust upward movement, marking a notable achievement in its trading activity.
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