Hind Rectifiers Ltd Hits Lower Circuit Limit at Rs 1,661.8 After 5% Drop

Hind Rectifiers Ltd, a small-cap player in the Industrial Manufacturing sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 1661.8, reflecting a notable decline of Rs 87.4 or 5.0% from the previous close. The stock reached an intraday low of Rs 1661.8, marking a 5% drop during the session.
Today's trading volume was approximately 0.20733 lakh shares, resulting in a turnover of Rs 3.46 crore. The stock has been on a downward trend, underperforming its sector by 5.43% and recording a consecutive fall over the last four days, with a total decline of 11.15% during this period.

Despite trading above its 100-day and 200-day moving averages, Hind Rectifiers is currently below its 5-day, 20-day, and 50-day moving averages. Additionally, investor participation has decreased, with delivery volume dropping by 45.5% compared to the 5-day average.

In summary, Hind Rectifiers Ltd's performance today highlights a challenging market environment, with the stock facing downward pressure and reduced trading activity.