Kavveri Defence Hits Lower Circuit Limit at Rs 126.34 Amid Continued Decline

Kavveri Defence & Wireless Technologies Ltd, operating in the Telecom Equipment & Accessories sector, has experienced significant activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 126.34, reflecting a decline of Rs 6.65 or 5.0% from the previous close. Notably, the stock opened with a gap down of 5% and has since remained at this price, indicating a lack of trading range throughout the day.
The stock reached an intraday low of Rs 126.34, marking a continued downward trend as it has underperformed its sector by 5.32%. Over the past four days, Kavveri Defence has seen a cumulative decline of 18.55%. The total traded volume today was approximately 0.11551 lakh shares, resulting in a turnover of Rs 0.1459 crore.

Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, the stock is currently below its 5-day moving average. Additionally, investor participation has decreased, with delivery volume dropping by 57.58% compared to the 5-day average. Overall, the stock's performance today reflects ongoing challenges within the market context.