AXISCADES Technologies Hits Lower Circuit Limit with Intraday Low of Rs 1400.6
AXISCADES Technologies Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 1403.0 after a decline. The stock's recent performance shows a cumulative drop over the past four days, with trading volume around 0.35656 lakh shares and a market capitalization of Rs 6,266 crore.
AXISCADES Technologies Ltd, a small-cap player in the Computers - Software & Consulting industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 1403.0, reflecting a decline of Rs 71.3 or 4.84% from the previous close. The stock reached an intraday low of Rs 1400.6, marking a 5% drop during the session.Today's trading saw a total volume of approximately 0.35656 lakh shares, resulting in a turnover of Rs 5.02 crore. The stock has been on a downward trend, underperforming its sector by 3.47% and recording a cumulative decline of 12.5% over the past four days. It opened with a gap down of 2.87%, indicating a bearish sentiment among traders.
Despite the recent struggles, AXISCADES Technologies maintains a market capitalization of Rs 6,266 crore. The stock's performance metrics show it is trading above its 200-day moving average but below its shorter-term moving averages. Overall, the stock's performance today reflects ongoing challenges in the market environment.
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