Impex Ferro Tech Faces Increased Trading Activity Amid Persistent Downward Trend
Impex Ferro Tech Ltd, a microcap in the ferrous metals sector, faced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 2.03, marking a decline over the past two days. Investor participation decreased notably, reflecting ongoing challenges in the market environment.
Impex Ferro Tech Ltd, a microcap player in the ferrous metals industry, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 2.03, reflecting a decline of Rs 0.11 or 5.14% from the previous session. The stock's performance has been notably weak, underperforming its sector by 3.81% and marking a consecutive decline over the last two days, with a total drop of 9.78% during this period.Today's trading saw the stock reach an intraday high of Rs 2.20 and a low of Rs 2.03, indicating a price band of 5%. The total traded volume was approximately 0.02394 lakh shares, resulting in a turnover of Rs 0.00049795 crore. Additionally, Impex Ferro Tech is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend.
Investor participation has also waned, with delivery volume dropping by 77.33% compared to the 5-day average. Overall, the stock's performance today underscores ongoing challenges within the market environment for Impex Ferro Tech.
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