Affordable Robotic & Automation Faces Record Low Amid Heightened Market Volatility
Affordable Robotic & Automation Ltd faced notable volatility, hitting a lower circuit limit and reaching a new all-time low. The stock opened higher but quickly declined, with significant trading volume. It has been on a downward trend, underperforming compared to its sector and trading below key moving averages.
Affordable Robotic & Automation Ltd, a microcap player in the industrial manufacturing sector, experienced significant volatility today, hitting its lower circuit limit at a low price of Rs 279.1. The stock saw a notable decline of Rs 69.75, translating to a percentage change of -19.99%. This drop marks a new 52-week and all-time low for the company.During the trading session, the stock opened with a slight gain of 2.28%, reaching an intraday high of Rs 356.8 before sharply declining. The total traded volume was approximately 4.17 lakh shares, resulting in a turnover of Rs 12.26 crore. The stock has been underperforming, with a 1D return of -19.99%, significantly lagging behind its sector, which recorded a -0.69% return.
Affordable Robotic & Automation has been on a downward trend, with consecutive falls over the past two days, accumulating a total decline of 30% in that period. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Overall, the performance today reflects heightened volatility and a significant downturn for the company.
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