Cubex Tubings Ltd Hits Lower Circuit Limit with Intraday Low of Rs 89.53
Cubex Tubings Ltd, a microcap in the Industrial Products sector, faced notable trading activity, reaching its lower circuit limit. The stock closed at Rs 93.51, with a significant decline in delivery volume. Its performance was below sector averages, indicating a challenging trading environment and reduced investor engagement.
Cubex Tubings Ltd, a microcap player in the Industrial Products sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 93.51, reflecting a decline of Rs 0.74 or 0.79% from the previous session. The stock's performance was notably below the sector average, underperforming by 1.21%.During the trading session, Cubex Tubings reached an intraday high of Rs 96.14 and a low of Rs 89.53, indicating a price band of 5%. The total traded volume was approximately 0.07404 lakh shares, with a turnover of Rs 0.067 crore.
In terms of moving averages, the stock is currently above its 20-day, 50-day, and 100-day averages but below its 5-day and 200-day averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 74.97% compared to the 5-day average.
Overall, Cubex Tubings Ltd's performance today reflects a challenging trading environment, marked by reduced liquidity and investor engagement.
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