Fairchem Organics Hits Lower Circuit Limit with Intraday Low of Rs 541.55

Fairchem Organics Ltd, a microcap player in the specialty chemicals industry, has experienced significant volatility today, hitting its lower circuit limit. The stock closed at Rs 655.6, reflecting a notable decline of Rs 21.3 or 3.15%. The day’s trading saw the stock reach an intraday low of Rs 541.55, marking a 20% drop from its previous close and establishing a new 52-week low.
Throughout the trading session, Fairchem Organics demonstrated a wide price range of Rs 135.35, with a total traded volume of approximately 0.12095 lakh shares and a turnover of Rs 0.782 crore. The stock has been on a downward trend, underperforming its sector by 2.14% and recording a cumulative decline of 10.61% over the past four days.

In terms of moving averages, Fairchem Organics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. Despite the challenges, there has been a rise in investor participation, with delivery volume increasing by 124.82% compared to the 5-day average. Overall, Fairchem Organics' performance today reflects ongoing market pressures within the specialty chemicals sector.