Ankit Metal & Power Faces Trading Challenges Amid Increased Delivery Volume

May 13 2025 11:00 AM IST
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Ankit Metal & Power Ltd, a microcap in the Steel/Sponge Iron/Pig Iron sector, faced significant trading activity, hitting its lower circuit limit. The stock closed at Rs 2.05, underperforming sector expectations. Notably, delivery volume surged by 290.37%, indicating a shift in trading dynamics despite overall downward trends.
Ankit Metal & Power Ltd, a microcap company operating in the Steel/Sponge Iron/Pig Iron industry, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 2.05, reflecting a decline of Rs 0.11 or 5.09% from the previous session. The stock's performance has been notably below sector expectations, underperforming by 2.52%.

During the trading session, Ankit Metal & Power reached an intraday high of Rs 2.12 and a low of Rs 2.05, indicating a price band of 5%. The total traded volume was approximately 0.01022 lakh shares, with a turnover of Rs 0.00021462 crore.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in its performance. Additionally, there has been a notable increase in delivery volume, which rose by 290.37% compared to the 5-day average, indicating a shift in trading dynamics.

In summary, Ankit Metal & Power Ltd's performance today reflects a challenging market position, with the stock hitting its lower circuit limit and underperforming relative to both its sector and broader market indices.
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