GACM Technologies Faces Trading Challenges Amid Broader NBFC Sector Decline
GACM Technologies Ltd, a microcap in the NBFC sector, faced significant trading activity as its stock hit the lower circuit limit. The trading session recorded a volume of approximately 162.26 lakh shares and a turnover of around Rs 1.01 crore, indicating challenges amid broader market trends.
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) was recorded at Rs 0.62, reflecting a decline of Rs 0.04 or 6.06% from the previous close. The stock's performance today underperformed the sector, which fell by 2.25%.The trading session saw a total volume of approximately 162.26 lakh shares, resulting in a turnover of around Rs 1.01 crore. The stock reached an intraday high of Rs 0.66 but fell to a low of Rs 0.62, indicating a price band of 5%. GACM Technologies is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a downward trend in its performance.
Additionally, the delivery volume has decreased by 6.97% compared to the 5-day average, suggesting a decline in investor participation. Overall, GACM Technologies Ltd's stock has faced notable challenges today, reflecting broader market trends within the finance sector.
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