Super Spinning Mills Ltd Achieves Upper Circuit Limit Amid Strong Market Momentum

Super Spinning Mills 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 11.6, reflecting a notable change of Rs 0.41, or 3.71%, from its last traded price of Rs 11.46. The stock's performance has outpaced its sector, delivering returns of 3.71% compared to the sector's 1.87% and the Sensex's 0.34% for the day.
Trading volume for Super Spinning Mills was recorded at approximately 0.30203 lakh shares, with a turnover of Rs 0.0342 crore. The stock has been on an upward trajectory, gaining for the last two consecutive days and accumulating a total return of 7.01% during this period.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 200-day moving averages, although it remains below the 50-day and 100-day averages. Despite a decline in delivery volume, which fell by 40.3% against the 5-day average, the stock maintains sufficient liquidity for trading activities.

Overall, Super Spinning Mills Ltd has demonstrated robust performance today, reflecting positive momentum in the market.