Intraday Price Movements and Volatility
On 24 Nov 2025, Suryaamba Spinning Mills opened with a gap down of 4.38%, setting the tone for a highly volatile day. The stock's intraday low matched the new 52-week low at Rs.123.35, while it also reached an intraday high of Rs.143.55, representing an 11.28% rise from the opening price. This wide price range resulted in an intraday volatility of 7.57%, calculated from the weighted average price, underscoring the unsettled trading environment for the stock.
Despite the initial gap down, the stock outperformed its sector by 8.66% during the day and recorded a two-day consecutive gain, accumulating a 10.32% return over this period. However, the closing price remained at the 52-week low, highlighting the underlying downward pressure.
Moving Averages and Technical Positioning
From a technical perspective, Suryaamba Spinning Mills is trading above its 5-day, 20-day, and 50-day moving averages, which may indicate some short-term price support. However, the stock remains below its 100-day and 200-day moving averages, suggesting that longer-term momentum is still subdued. This mixed technical picture reflects the stock’s struggle to regain sustained upward traction amid broader market conditions.
Market Context and Sector Performance
The broader market environment on the same day showed positive momentum. The Sensex opened 88.12 points higher and was trading at 85,465.95, up 0.27%. The index is approaching its 52-week high of 85,801.70, currently just 0.39% away. The Sensex has been on a three-week consecutive rise, gaining 2.7% over this period, supported by mega-cap stocks leading the gains. Additionally, the Sensex is trading above its 50-day moving average, which itself is above the 200-day moving average, signalling a bullish trend for the benchmark index.
In contrast, Suryaamba Spinning Mills has underperformed the benchmark over the past year, with a total return of -10.83% compared to the Sensex’s 8.01% gain. This divergence highlights the challenges faced by the company within the garments and apparels sector, which has not mirrored the broader market’s upward trajectory.
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Financial Performance and Valuation Metrics
Suryaamba Spinning Mills’ financial data over recent periods presents a mixed picture. The company has declared positive results for the last four consecutive quarters, with the latest six-month profit after tax (PAT) reported at Rs.1.40 crore. Dividend per share (DPS) stands at Rs.1.00, with a dividend payout ratio (DPR) of 25.00%, indicating a consistent return to shareholders.
Operating profit growth over the last five years has been modest, with a compound annual growth rate (CAGR) of 2.59%. This slow growth rate contributes to the company’s subdued long-term fundamental strength. Despite this, the company’s return on capital employed (ROCE) is recorded at 6.9%, and the enterprise value to capital employed ratio is 0.7, suggesting an attractive valuation relative to capital utilisation.
Over the past year, while the stock price has declined by 10.83%, the company’s profits have risen by 307%, indicating a disconnect between earnings performance and market valuation. The price-to-earnings-to-growth (PEG) ratio is noted as zero, reflecting the current valuation metrics in relation to earnings growth.
Shareholding and Market Capitalisation
The majority shareholding of Suryaamba Spinning Mills rests with promoters, providing a stable ownership structure. The company’s market capitalisation grade is rated at 4, reflecting its position within the small-cap segment of the garments and apparels sector.
Comparative Performance and Sector Challenges
Suryaamba Spinning Mills has consistently underperformed the BSE500 index over the last three annual periods, with returns lagging behind sector peers. The stock’s 52-week high was Rs.199.80, which contrasts sharply with the current 52-week low of Rs.123.35, illustrating the extent of the price correction over the year.
This underperformance is set against a backdrop of a sector that has faced various pressures, including competitive dynamics and market sentiment shifts. While the broader market and benchmark indices have shown resilience and gains, Suryaamba Spinning Mills’ stock price has reflected a more cautious market assessment.
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Summary of Current Market Position
Suryaamba Spinning Mills’ recent fall to a 52-week low of Rs.123.35 marks a notable point in its trading history, reflecting a combination of subdued long-term growth, valuation adjustments, and sector-specific pressures. The stock’s volatility and mixed technical signals highlight the ongoing market assessment of the company’s prospects within the garments and apparels industry.
While the broader market indices continue to show strength and approach record highs, Suryaamba Spinning Mills remains positioned below key moving averages over longer timeframes, indicating that the stock is yet to align with the prevailing bullish market trend.
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