Simchat Torah is a Jewish holiday that follows the holiday of Sukkot and marks the completion of the yearly Torah readings. Festivities include walking in circles around the synagogue while holding Torah scrolls, chanting and praying.
Background and Significance
According to Jewish tradition, the Pentateuch is divided into 52 parts, the parashot, a part for each week of the year. Throughout the year, observing Jews study and read only the designated parts. On the day of Simchat Torah, the last and the first parashot are being publicly read to announce the conclusion and the beginning of another annual cycle. Simchat Torah signifies the rejuvenation and continuation of Jewish identity and tradition, inside as well as outside Israel.Chabad.org: Simchat Torah