IZMO Ltd Hits Lower Circuit Limit, Closes at Rs 800.7 After 5% Decline

IZMO Ltd, a microcap player in the Computers - Software & Consulting industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 800.7, reflecting a decline of Rs 42.1 or 5.0% from the previous close. The stock opened with a gap down of 2.32% and reached an intraday low of Rs 775, marking a drop of 3.32% during the session.
Total traded volume for the day was approximately 1.42 lakh shares, resulting in a turnover of Rs 11.47 crore. Despite the downturn, the stock remains above its 100-day and 200-day moving averages, although it is trading below the 5-day, 20-day, and 50-day moving averages.

In terms of market performance, IZMO has underperformed its sector by 2.58% and has seen a consecutive decline over the past two days, with a total drop of 7.23% in that period. Notably, delivery volume has increased by 24.74% compared to the 5-day average, indicating rising investor participation. Overall, IZMO Ltd's performance today reflects a challenging market environment as it navigates through recent volatility.