IRIS Business Services Faces Trading Challenges Amid Broader Sector Gains

May 23 2025 11:00 AM IST
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IRIS Business Services Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 238.90. The stock has been on a downward trend, underperforming its sector and trading below key moving averages, reflecting ongoing challenges in the market.
IRIS Business Services Ltd, a microcap player in the Software Products industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 238.90, reflecting a decline of Rs 1.15 or 0.48%. Notably, it reached an intraday low of Rs 228.05, marking a 5% drop from the previous close.

The total traded volume for the day was approximately 0.83 lakh shares, resulting in a turnover of Rs 1.91 crore. The stock has been on a downward trend, underperforming its sector by 3.63% and recording a cumulative decline of 10.89% over the past three days. It opened with a gap down of 2.1%, indicating a bearish sentiment among traders.

IRIS Business Services is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further emphasizing its recent struggles. In contrast, the broader BPO/ITeS sector saw a gain of 2.3% today, highlighting the stock's relative weakness. Overall, IRIS Business Services Ltd's performance today underscores ongoing challenges within the market context.
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