Kavveri Defence Hits Lower Circuit Limit at Intraday Low of Rs 114.01

Kavveri Defence & Wireless Technologies Ltd, a microcap player in the Telecom Equipment & Accessories sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 114.01, reflecting a decline of 6.01 points or 5.01% from the previous trading session. This marks the sixth consecutive day of losses for the stock, which has seen a total decline of 26.5% over this period.
The stock opened with a gap down, starting at Rs 114.01, and maintained this price throughout the trading session, reaching an intraday low of Rs 114.01. The total traded volume was approximately 0.07506 lakh shares, resulting in a turnover of around Rs 0.0856 crore. Notably, the stock underperformed its sector by 4.85% today, while the broader market, represented by the Sensex, posted a slight gain of 0.15%.

Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, the stock's performance has been hindered by a significant drop in investor participation, with delivery volume decreasing by 71.24% compared to the five-day average. Overall, Kavveri Defence & Wireless Technologies Ltd's performance today reflects ongoing challenges in the market.