Asahi Songwon Colors Faces Sustained Bearish Trend Amid Increased Trading Activity

Aug 04 2025 10:00 AM IST
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Asahi Songwon Colors Ltd, a microcap in the Dyes and Pigments sector, faced significant trading activity, hitting its lower circuit limit and closing at Rs 334.4. The stock has declined for seven consecutive days, underperforming its sector and trading below key moving averages, despite a rise in delivery volume.
Asahi Songwon Colors Ltd, a microcap company in the Dyes and Pigments industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 334.4, reflecting a decline of Rs 17.6 or 5.0% from the previous trading session. This marks a continuation of a downward trend, as the stock has now fallen for seven consecutive days, resulting in a total decline of 24% over this period.

During today's trading, Asahi Songwon Colors reached an intraday low of Rs 334.4, which is 5% below its opening price. The stock's performance has underperformed its sector by 5.46%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

The total traded volume for the day was approximately 0.04263 lakh shares, with a turnover of Rs 0.142993809 crore. Despite the challenges, there has been a notable increase in delivery volume, which rose by 221.09% compared to the 5-day average. Overall, Asahi Songwon Colors continues to face headwinds in the market, reflecting broader trends in its sector.
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