Kavveri Defence Hits Lower Circuit Limit, Closes at Rs 139.99 After 5% Decline
Kavveri Defence & Wireless Technologies Ltd faced notable trading activity, hitting its lower circuit limit and closing at Rs 139.99, down 5% from the previous session. The stock has declined 9.75% over two days, with total traded volume around 0.31435 lakh shares, indicating market volatility.
Kavveri Defence & Wireless Technologies Ltd, operating in the Telecom Equipment & Accessories sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 139.99, reflecting a decline of Rs 7.37 or 5% from the previous trading session. This marks a consecutive fall for the stock, which has now decreased by 9.75% over the last two days.The stock opened with a gap down, starting the day at Rs 139.99 and maintaining this price throughout the trading session, with an intraday low also recorded at Rs 139.99. Total traded volume reached approximately 0.31435 lakh shares, resulting in a turnover of Rs 0.440 crore.
In terms of performance, Kavveri Defence underperformed its sector by 5.44%, while the broader market, represented by the Sensex, saw a slight decline of 0.19%. Despite the stock's current challenges, it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating a mixed performance trend. Overall, the stock's activity today reflects ongoing volatility in the market.
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