Delta Manufacturing Ltd Hits Lower Circuit Limit with Intraday Low of Rs 82.08

Delta Manufacturing Ltd, a microcap player in the Other Industrial Products sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 83.00, reflecting a decline of Rs 3.41 or 3.95% from the previous trading session. Notably, it reached an intraday low of Rs 82.08, marking a decrease of 5.01% during the day. The stock's performance today underperformed its sector, which saw a minimal decline of 0.07%. Delta Manufacturing's trading volume was recorded at 0.0476 lakh shares, with a turnover of Rs 0.0401 crore. The weighted average price indicated that more volume was traded closer to the low price, suggesting a lack of upward momentum. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investor participation has also waned, with delivery volume dropping by 68.11% compared to the 5-day average. Overall, Delta Manufacturing's performance today reflects ongoing challenges within the market environment.