Ankit Metal & Power Ltd Faces Trading Challenges Amid Declining Investor Participation

May 29 2025 11:00 AM IST
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Ankit Metal & Power Ltd, a microcap in the Ferrous Metals sector, faced notable trading activity as its stock hit the lower circuit limit. The stock's performance lagged behind its sector, with a significant drop in delivery volume, indicating reduced investor participation amid current market challenges.
Ankit Metal & Power Ltd, a microcap player in the Ferrous Metals industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 2.21, reflecting a decline of Rs 0.12 or 5.15% from the previous session. The stock's performance today underperformed its sector by 6.51%, with a total traded volume of approximately 0.49662 lakh shares and a turnover of Rs 0.011124288 crore.

The stock reached an intraday high of Rs 2.43 and a low of Rs 2.21, indicating a price band of 5%. Notably, the stock's delivery volume has seen a significant drop, with a 61.71% decrease compared to the five-day average, suggesting a decline in investor participation.

In terms of moving averages, the stock is currently above the 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day moving averages. Overall, Ankit Metal & Power Ltd's performance today highlights the challenges it faces in the current market environment, with liquidity remaining adequate for trading.
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