Arihant Academy Ltd Hits Lower Circuit Limit with Price Decline to Rs 486.4

Arihant Academy Ltd, operating in the Other Consumer Services sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 486.4, reflecting a notable decline of Rs 25.6, or 5.0%, from the previous trading session. The stock's performance has been underwhelming, underperforming its sector by 4.55%.
During the trading session, Arihant Academy reached an intraday high of Rs 491.1 and a low of Rs 486.4, indicating a tight price band of 5%. The total traded volume was recorded at 0.024 lakh shares, with a turnover of approximately Rs 0.117 crore. Notably, the delivery volume has seen a sharp decline, falling by 72.22% compared to the five-day average, suggesting a decrease in investor participation.

In terms of moving averages, the stock is currently above the 20-day, 50-day, 100-day, and 200-day averages, but below the 5-day average. The market capitalization stands at Rs 310 crore, categorizing Arihant Academy as a microcap stock. Overall, the stock's performance today reflects a challenging trading environment, with liquidity remaining adequate for trading activities.