Arvee Laboratories Hits Lower Circuit Limit with Intraday Low of Rs 166.44

Arvee Laboratories (India) Ltd, a microcap player in the Chemicals & Petrochemicals industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 172.5, reflecting a decline of Rs 2.7 or 1.54% from the previous session. Notably, the stock reached an intraday low of Rs 166.44, which is critical as it marks the lower circuit threshold.
The total traded volume for the day was approximately 0.01514 lakh shares, resulting in a turnover of Rs 0.0265 crore. In terms of performance, Arvee Laboratories underperformed its sector by 2.16%, while the broader market, represented by the Sensex, saw a decline of 0.43%.

The stock's price movements indicate that it is currently above its 20-day and 200-day moving averages but below its 5-day, 50-day, and 100-day averages. Additionally, investor participation has notably decreased, with delivery volume dropping by 75.82% compared to the 5-day average.

In summary, Arvee Laboratories (India) Ltd's performance today reflects a challenging trading environment, marked by a significant drop in price and reduced investor engagement.