Karma Energy Ltd Hits Lower Circuit Limit with Intraday Low of Rs 58.66

Karma Energy Ltd, a microcap player in the power industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 60.87, reflecting a decline of Rs 0.88 or 1.43%. Notably, it reached an intraday low of Rs 58.66, marking a 5% drop from its opening price, which also saw a gap down of 5%.
Throughout the trading session, Karma Energy demonstrated high volatility, with an intraday fluctuation of 10.24%. The stock traded within a narrow range of just Rs 0.34, indicating limited price movement. Total traded volume was recorded at approximately 0.04046 lakh shares, resulting in a turnover of Rs 0.023883538 crore.

In terms of performance metrics, the stock underperformed its sector by 4.02%, while the broader market, represented by the Sensex, saw a decline of 0.30%. Additionally, investor participation has waned, with delivery volume dropping by 51.16% compared to the five-day average.

Overall, Karma Energy's performance today reflects a challenging trading environment, characterized by significant downward pressure and reduced investor engagement.