Super Spinning Mills Hits Upper Circuit Limit Amid Increased Trading Activity

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 11.93, reflecting a change of Rs 0.53 or an increase of 4.66%. The last traded price stood at Rs 11.90, with a price band of 5%, indicating a robust trading session.
Throughout the day, the stock experienced a low of Rs 11.03 and recorded a total traded volume of approximately 0.94116 lakh shares, resulting in a turnover of Rs 0.109 crore. Notably, the stock's performance today was characterized by a delivery volume of 59.52 thousand shares, which marked an impressive increase of 83.18% compared to the five-day average delivery volume.

In terms of moving averages, Super Spinning Mills 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 underperforming its sector by 2.08%, the stock's liquidity remains adequate for trading activities.

Overall, Super Spinning Mills Ltd has demonstrated notable performance today, particularly with its achievement of hitting the upper circuit limit, reflecting a positive trading environment.