Karma Energy Ltd Hits Lower Circuit Limit with Intraday Low of Rs 63.89

Karma Energy Ltd, a microcap player in the power industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 67.26, reflecting a decline of Rs 3.54 or 5.0% from the previous close. The stock opened with a gap down, starting the day at a loss of 4.07%. During the session, it reached an intraday low of Rs 63.89, marking a drop of 5.01%.
Total traded volume for the day was approximately 1.89723 lakh shares, resulting in a turnover of Rs 1.34 crore. Notably, the stock has underperformed its sector by 4.28% and has seen consecutive losses over the past two days, accumulating a total decline of 9.76% during this period.

Despite the current downturn, Karma Energy Ltd is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The stock's liquidity remains adequate, with a delivery volume of 70.92 thousand shares on September 25, reflecting a 43.89% increase compared to the 5-day average. Overall, the stock's performance today highlights ongoing challenges in the market.