Andhra Cements Ltd Stock Hits Lower Circuit Limit at Rs 70.50 Amid Decline

Andhra Cements Ltd, a microcap player in the Cement & Cement Products industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 70.03, reflecting a decline of Rs 3.69 or 5.01% from the previous trading session. The stock's performance has been notably weak, underperforming its sector by 5.29% and marking a consecutive fall over the last three days, with a total decline of 9.77% during this period.
During today's trading, Andhra Cements reached an intraday low of Rs 70.50, indicating a drop of 4.37% at its lowest point. The total traded volume stood at approximately 0.28037 lakh shares, resulting in a turnover of Rs 0.1999 crore. Notably, the weighted average price suggests that more volume was traded closer to the low price, highlighting the stock's current market sentiment.

Despite being above the 200-day moving average, the stock remains below its 5-day, 20-day, 50-day, and 100-day moving averages. The liquidity appears adequate, with delivery volume increasing by 75.82% compared to the 5-day average. Overall, Andhra Cements Ltd's performance today reflects ongoing challenges in the market.