Kavveri Defence Hits Lower Circuit Limit with Intraday Low of Rs 132.99
Kavveri Defence & Wireless Technologies Ltd faced notable trading activity today, hitting its lower circuit limit and closing at Rs 132.99, marking a decline for the third consecutive day. The stock's performance indicates reduced investor participation, with a significant drop in delivery volume compared to recent averages.
Kavveri Defence & Wireless Technologies Ltd, operating in the Telecom Equipment & Accessories sector, has experienced significant activity today as it hit its lower circuit limit. The stock closed at Rs 132.99, reflecting a decline of Rs 7.00 or 5.0% from the previous trading session. This marks the third consecutive day of losses for the stock, which has seen a total decline of 14.27% over this period.The stock opened with a gap down of 5% and has remained at the same price throughout the trading session, with an intraday low also recorded at Rs 132.99. Total traded volume reached approximately 0.12396 lakh shares, resulting in a turnover of Rs 0.1649 crore. Despite the current downturn, the stock remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average.
Investor participation appears to be waning, with delivery volume dropping by 38.23% compared to the 5-day average. Overall, Kavveri Defence & Wireless Technologies Ltd's performance today reflects a challenging market environment, underscoring the stock's recent struggles.
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