Eurotex Industries Hits Lower Circuit Limit with Intraday Low of Rs 22.4

Eurotex Industries and Exports Ltd, a microcap player in the Garments & Apparels sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 22.4, reflecting a decline of Rs 1.18 or 5.0% from the previous trading session. Notably, the stock opened with a gap down of 5%, maintaining this price throughout the day, with an intraday low also recorded at Rs 22.4.
The total traded volume for Eurotex today was approximately 0.00523 lakh shares, resulting in a turnover of Rs 0.00117152 crore. Despite today's downturn, the stock has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term upward trend prior to this decline.

In terms of market performance, Eurotex underperformed its sector by 5.07%, contrasting with a slight gain of 0.02% in the sector overall. The stock's liquidity remains adequate, with delivery volume rising by nearly 50% compared to its 5-day average. Overall, Eurotex Industries and Exports Ltd's performance today reflects a notable shift after four consecutive days of gains, marking a significant moment in its trading history.