GACM Technologies Faces Increased Trading Activity Amid Ongoing Stock Decline

GACM Technologies Ltd, a microcap player in the Non-Banking Financial Company (NBFC) sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 0.84, reflecting a decline of Rs 0.05 or 5.62% from the previous session. The stock's performance today underperformed the sector by 4.26%, marking a consecutive fall over the last two days, with a total decline of 10.11% during this period.
The stock reached an intraday high of Rs 0.92 and a low of Rs 0.84, indicating a price band of 5%. Total traded volume was approximately 186.92 lakh shares, resulting in a turnover of Rs 1.61 crore. Notably, the stock's delivery volume on May 21 saw a rise of 49.22% compared to the five-day average, suggesting increased investor participation.

Despite being higher than the 5-day, 20-day, 50-day, and 100-day moving averages, GACM Technologies remains below its 200-day moving average. Overall, the stock's performance today reflects a challenging environment, with a 1D return of -3.57%, while the broader sector and Sensex reported declines of -0.45% and -0.85%, respectively.