Blue Jet Healthcare Faces Trading Volatility Amid Circuit Limit Constraints
Blue Jet Healthcare Ltd, a mid-cap pharmaceutical company, saw significant trading activity as its stock hit the lower circuit limit, closing at Rs 815.55 after a notable decline. The session recorded a total volume of approximately 43.68 lakh shares, with a turnover of Rs 368.98 crore.
Blue Jet Healthcare Ltd, a mid-cap player in the Pharmaceuticals & Biotechnology sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 815.55, reflecting a notable decline of Rs 90.6 or 10% from the previous close. The stock's performance was marked by a price band of 10%, indicating a restricted trading range due to the circuit limit.During the trading session, Blue Jet Healthcare reached an intraday high of Rs 843, but ultimately closed lower, with a total traded volume of approximately 43.68 lakh shares and a turnover of Rs 368.98 crore. The stock's performance today outperformed its sector by 3.79%, despite the overall decline.
The weighted average price indicated that more volume was traded closer to the low price, which was Rs 815.55. Additionally, the stock's moving averages showed it was higher than the 100-day and 200-day averages but lower than the 5-day, 20-day, and 50-day averages.
In summary, Blue Jet Healthcare's stock faced downward pressure today, hitting its lower circuit limit, while the overall market sentiment reflected a mixed performance.
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