GACM Technologies Ltd Hits Lower Circuit Limit, Closes at Rs 0.79 Amid 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 0.79, reflecting a decline of Rs 0.05 or 5.95% from the previous session. The stock's performance has been underwhelming, underperforming its sector by 4.38% and marking a consecutive fall over the last three days, resulting in a total decline of 15.73% during this period. Today's trading saw a total volume of approximately 128.11 lakh shares, with a turnover of Rs 1.01 crore. The stock reached an intraday high of Rs 0.80 and a low of Rs 0.79, indicating limited upward movement. Notably, the stock's delivery volume has decreased significantly, falling by 74.7% compared to the five-day average, which suggests a decline in investor participation. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, GACM Technologies remains below the 5-day moving average, highlighting a challenging trading environment. Overall, the stock's performance today reflects ongoing volatility and a cautious market sentiment.