Khadim India Faces Increased Volatility Amid Declining Investor Participation and Market Challenges

Khadim India Ltd, a microcap player in the footwear industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 269.00, reflecting a decline of Rs 11.65 or 4.15% from the previous close. The stock opened with a gap down of 2.01% and reached an intraday low of Rs 266.65, marking a decrease of 4.99% during the session.
The trading volume was notable, with a total of 0.25822 lakh shares exchanged, resulting in a turnover of approximately Rs 0.69 crore. The stock has shown high volatility today, with an intraday volatility of 7.71%, indicating fluctuating investor sentiment. Additionally, Khadim India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.

Investor participation appears to be declining, with delivery volume dropping by 99.98% compared to the 5-day average. Overall, Khadim India's performance today reflects a significant downturn in the context of broader market trends, as it underperformed its sector by 4.3%.