Aksh Optifibre Faces Increased Trading Activity Amid Market Challenges

May 02 2025 02:00 PM IST
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Aksh Optifibre Ltd, a microcap in the cable sector, faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 9.58. The stock recorded a significant decline, with increased investor participation and delivery volume, indicating a challenging market environment.
Aksh Optifibre Ltd, a microcap player in the cable industry, experienced significant trading activity today as the stock hit its lower circuit limit, closing at a low price of Rs 9.58. The stock recorded a change of -0.51, reflecting a decline of 5.05% from the previous trading session.

During the day, Aksh Optifibre reached an intraday high of Rs 10.18 and a low of Rs 9.58, with a total traded volume of approximately 4.06 lakh shares, resulting in a turnover of Rs 0.39 crore. The stock has underperformed its sector by 2.91% and has seen a consecutive decline over the last two days, accumulating a total drop of 9.04% in that period.

In terms of moving averages, the stock is currently higher than its 50-day and 200-day averages but lower than its 5-day, 20-day, and 100-day averages. Notably, investor participation has seen a rise, with delivery volume increasing by 10.83% compared to the 5-day average.

Overall, Aksh Optifibre's performance today reflects a challenging market environment, with the stock's position warranting close observation.
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