Hi-Tech Gears Ltd Faces Increased Volatility Amid Significant Trading Activity
Hi-Tech Gears Ltd, a small-cap auto ancillary company, faced significant trading activity today, hitting its lower circuit limit. The stock opened lower and reached an intraday low, reflecting ongoing challenges. Despite recent declines, trading volume increased notably, indicating continued liquidity in the market.
The Hi-Tech Gears Ltd, a small-cap player in the auto ancillary sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock recorded a last traded price of Rs 561.15, reflecting a decline of Rs 12.55 or 2.19%. The stock opened with a gap down, starting the day at a loss of 3.26%, and reached an intraday low of Rs 545.05, marking a drop of 4.99% from the previous close.In terms of trading volume, The Hi-Tech Gears saw a total traded volume of approximately 0.04865 lakh shares, resulting in a turnover of Rs 0.270 crore. The stock has been underperforming relative to its sector, with a performance today that lagged by 3.11%. Over the past two days, it has consistently fallen, accumulating a total decline of 2.3%.
Despite the current challenges, the stock remains liquid enough for trading, with delivery volume showing a notable increase of 151.04% compared to the five-day average. Overall, The Hi-Tech Gears Ltd's performance today underscores the volatility and challenges faced in the current market environment.
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