Akshar Spintex Ltd Achieves Upper Circuit Limit Amidst Declining Investor Participation

Apr 22 2025 10:01 AM IST
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Akshar Spintex Ltd, a microcap in the textile sector, reached its upper circuit limit today, trading at Rs 0.64. The stock outperformed both the sector and broader market returns, with a trading volume of approximately 19.5 lakh shares. Despite a decline in investor participation, liquidity remains adequate.
Akshar Spintex Ltd, a microcap player in the textile industry, has shown significant activity today as it hit its upper circuit limit. The stock reached a high price of Rs 0.64, reflecting a change of Rs 0.01, or an increase of 1.64%. This performance outpaced the sector's return of 0.82% and the broader market's Sensex return of 0.16%.

The stock traded a total volume of approximately 19.5 lakh shares, resulting in a turnover of Rs 0.12 crore. Notably, Akshar Spintex's performance today was higher than its 5-day, 20-day, and 50-day moving averages, although it remains below its 100-day and 200-day moving averages.

Despite a decline in investor participation, with delivery volume falling by 10.23% compared to the 5-day average, the stock's liquidity remains adequate for trading. Overall, Akshar Spintex Ltd's performance today highlights its resilience within the textile sector, marking a noteworthy achievement as it reached its upper circuit limit.
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