Gayatri Highways Ltd Hits Lower Circuit Limit at Rs 3.07, Declines 5.25%

Gayatri Highways Ltd, a microcap company in the transport infrastructure sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 3.07, reflecting a decline of Rs 0.17 or 5.25% from the previous session. This marks the fourth consecutive day of losses for the stock, which has seen a total decline of 19% over this period.
The stock's performance today underperformed its sector, which recorded a modest gain of 0.52%. Notably, the total traded volume reached approximately 1.13 lakh shares, with a turnover of around Rs 0.0348 crore. The stock's price band is set at 5%, with the intraday high matching the last traded price of Rs 3.07, while the low price also stood at Rs 3.07.

Investor participation appears to be waning, as delivery volume on October 23 dropped significantly by 90.67% compared to the five-day average. Despite being above the 50-day, 100-day, and 200-day moving averages, the stock remains below its 5-day and 20-day moving averages. Overall, Gayatri Highways Ltd's performance today reflects ongoing challenges within the market.