Exicom Tele-Systems Faces Increased Selling Pressure Amidst Cautious Market Sentiment

Exicom Tele-Systems Ltd, a small-cap player in the Capital Goods industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 152.9, reflecting a decline of Rs 8.05 or 5.0% from the previous close. The stock opened with a gap down of 4.03%, and during the session, it reached an intraday low of Rs 146.28, marking a drop of 4.54%.
Total traded volume for the day was approximately 10.46 lakh shares, resulting in a turnover of Rs 16.43 crore. The stock has been on a downward trend, underperforming its sector by 4.27% and recording a cumulative decline of 8.7% over the past three days. Exicom Tele-Systems is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish momentum.

Despite a rise in delivery volume, which increased by 25.21% compared to the 5-day average, the overall market sentiment remains cautious. As the trading session concludes, Exicom Tele-Systems reflects a challenging performance landscape within the capital goods sector.