Kesoram Industries Hits All-Time Low Amidst Sustained Trading Activity and Sector Struggles

Kesoram Industries Ltd, a microcap player in the cement industry, has experienced significant trading activity today, hitting its lower circuit limit at a price of Rs 3.98. This marks a new 52-week and all-time low for the stock, which has seen a decline of 5.01% or an absolute change of -0.21. The stock's performance has notably underperformed its sector, which recorded a decline of 0.71%.
Throughout the trading session, Kesoram Industries witnessed a total traded volume of approximately 19.07 lakh shares, resulting in a turnover of Rs 0.76 crore. The stock has been on a downward trajectory for the past 16 consecutive days, accumulating a staggering loss of 98.06% during this period. Additionally, Kesoram Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.

Despite a notable increase in delivery volume, which surged by 1163.75% against the 5-day average, the overall liquidity remains adequate for trading sizes around Rs 0.07 crore. In summary, Kesoram Industries Ltd continues to face challenges in the market, reflecting a broader struggle within the sector.