G M Breweries Hits Lower Circuit Limit with Intraday Low of Rs 1,044

G M Breweries Ltd, a small-cap player in the beverages industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 1,063.45, reflecting a notable decline of Rs 96.55 or 8.32%. During the trading session, G M Breweries reached an intraday low of Rs 1,044, marking a 10% drop from its previous close.
The stock exhibited high volatility, with an intraday fluctuation of 6.41%. It traded within a wide range of Rs 123.8, indicating substantial market movement. Total traded volume reached approximately 43.04 lakh shares, contributing to a turnover of Rs 472.10 crore. Notably, the stock has underperformed its sector, which saw a gain of 2.32%, and has fallen after three consecutive days of gains.

Despite the downturn, G M Breweries remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The liquidity of the stock appears adequate, with a delivery volume of 9.93 lakh shares on October 15, reflecting an increase of 84.4% compared to the 5-day average. Overall, G M Breweries' performance today underscores a challenging trading environment.