Thomas Scott India Ltd Hits Upper Circuit, Signaling Strong Market Position in Garments Sector
Thomas Scott India Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, with significant trading activity and a notable intraday high. The stock has shown a strong upward trend, trading above multiple moving averages, indicating a solid market position despite a slight decline in delivery volume.
Thomas Scott India Ltd, a microcap player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 333.35, reflecting a significant change of Rs 30.3, or 10.0%. This performance outpaced the sector, which recorded a 1.10% return, and the broader market, with the Sensex gaining 0.67%.Throughout the trading session, Thomas Scott India demonstrated a wide trading range of Rs 31.55, with a total traded volume of approximately 0.51 lakh shares and a turnover of Rs 1.65 crore. The stock has been on a positive trajectory, gaining 13.27% over the last two days. Notably, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
Despite a slight decline in delivery volume, the stock remains liquid enough for trades of Rs 0.02 crore, suggesting a stable trading environment. Overall, Thomas Scott India Ltd's performance today highlights its robust market position within the garments sector.
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