Elgi Rubber Company Faces Continued Decline Amidst Increased Trading Activity
Elgi Rubber Company Ltd has faced notable trading challenges, hitting its lower circuit limit and closing at Rs 50.75, a new 52-week low. The stock has seen consecutive losses over three days and has underperformed significantly compared to its sector, with ongoing declines over the past weeks.
Elgi Rubber Company Ltd, operating in the Industrial Products sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 50.75, reflecting a decline of Rs 2.1 or 3.97% from the previous trading session. Notably, the stock reached an intraday low of Rs 50.2, marking a new 52-week low.The trading volume for the day was approximately 0.05916 lakh shares, resulting in a turnover of Rs 0.0301 crore. Elgi Rubber has been underperforming, with a 1D return of -3.97%, significantly lagging behind its sector, which saw a decline of only 0.92%. The stock has faced consecutive losses over the past three days, accumulating a total decline of 7.53% during this period.
Additionally, Elgi Rubber has shown a consistent downward trend, falling every week for the last eight weeks and every month for the past six weeks, with returns of -100% in both timeframes. The stock's volatility today was marked at 5.7%, indicating erratic trading patterns. Overall, Elgi Rubber Company Ltd continues to face challenges in the market, reflected in its performance metrics and trading activity.
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