Hilton Metal Forging Faces Continued Decline Amidst Increased Trading Activity
Hilton Metal Forging Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 65.97 after a decline. This marks the fourth consecutive day of losses, with the stock underperforming its sector and trading below key moving averages, indicating ongoing market challenges.
Hilton Metal Forging Ltd, a microcap player in the Castings & Forgings industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 65.97, reflecting a decline of 3.48 points or 5.01% from the previous trading session. This marks the fourth consecutive day of losses for Hilton Metal Forging, with a total decline of 14.9% over this period.During the trading session, the stock reached an intraday low of Rs 65.97, indicating a notable drop in value. The total traded volume was approximately 0.52977 lakh shares, resulting in a turnover of Rs 0.3502 crore. The stock has been underperforming compared to its sector, lagging by 6.37% today.
Hilton Metal Forging is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position. Despite a rise in delivery volume, which increased by 66.75% against the 5-day average, the overall performance remains subdued. As the trading day concludes, Hilton Metal Forging's stock reflects ongoing challenges within the market landscape.
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