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 touched 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, indicating significant price fluctuations within the trading session.
Despite the opening loss, the stock managed to outperform its sector by 8.66% during the day and recorded gains for the second consecutive session, accumulating a 10.32% return over these two days. However, the closing price remained anchored near the 52-week low, underscoring persistent downward pressure.
Moving Averages and Technical Positioning
From a technical standpoint, Suryaamba Spinning Mills is trading above its 5-day, 20-day, and 50-day moving averages, which may suggest some short-term price support. Conversely, the stock remains below its 100-day and 200-day moving averages, indicating that longer-term momentum has yet to shift favourably. This mixed technical picture reflects the stock's struggle to regain sustained upward traction amid broader market dynamics.
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Comparative Market Context
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. Sensex's 50-day moving average remains above its 200-day moving average, signalling a bullish trend. Additionally, the Sensex has recorded a 2.7% gain over the past three weeks, led by mega-cap stocks.
In contrast, Suryaamba Spinning Mills has underperformed the benchmark indices over the past year. The stock's one-year return stands at -10.83%, while the Sensex has delivered an 8.01% return in the same period. This divergence highlights the challenges faced by the company relative to the broader market.
Financial Performance and Valuation Metrics
Suryaamba Spinning Mills operates within the garments and apparels sector and has demonstrated a compound annual growth rate (CAGR) of 2.59% in operating profits over the last five years. This modest growth rate reflects a relatively stable but slow expansion in core earnings.
Despite the subdued price performance, the company has reported positive results for the last four consecutive quarters. The latest six-month profit after tax (PAT) stands at Rs.1.40 crore, while the dividend per share (DPS) is Rs.1.00, with a dividend payout ratio (DPR) of 25.00%. These figures indicate a consistent approach to shareholder returns.
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. The stock is trading at a discount compared to its peers' average historical valuations, which may reflect market caution given recent price trends.
Shareholding and Market Capitalisation
The majority shareholding in Suryaamba Spinning Mills is held by promoters, indicating concentrated ownership. The company's market capitalisation grade is rated at 4, placing it within the micro-cap segment. This classification often entails higher volatility and sensitivity to market sentiment.
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Historical Price Range and Performance Trends
The stock's 52-week high was Rs.199.80, which contrasts sharply with the current 52-week low of Rs.123.35. This wide price range over the past year illustrates significant downward pressure on the stock price. Over the last three years, Suryaamba Spinning Mills has consistently underperformed the BSE500 index in annual returns, reinforcing a trend of relative weakness.
While the stock has generated a negative return of 10.83% over the past year, its profits have risen by 307% during the same period. This disparity between profit growth and share price performance may reflect market concerns beyond earnings, such as sectoral headwinds or valuation adjustments.
Summary of Key Considerations
Suryaamba Spinning Mills' recent fall to its 52-week low of Rs.123.35 comes amid a backdrop of mixed financial indicators and market conditions. The stock's short-term technical indicators show some support, but longer-term moving averages remain a hurdle. The company’s steady profit growth and dividend payments contrast with its subdued share price performance and relative underperformance against benchmarks.
Market volatility and sector-specific factors appear to be influencing the stock’s price movements, as evidenced by the high intraday volatility and wide price range. The broader market’s positive trend, led by mega-cap stocks, has not translated into similar gains for Suryaamba Spinning Mills, highlighting the differentiated performance within the garments and apparels sector.
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