Kritika Wires Faces Trading Volatility Amid Market Challenges and Increased Liquidity
Kritika Wires Ltd, a player in the Steel/Sponge Iron/Pig Iron sector, faced notable trading activity as its stock reached the lower circuit limit. The day's trading saw a total volume of approximately 2.62 lakh shares and a market capitalization of Rs 264.95 crore, indicating a challenging environment.
Kritika Wires Ltd, operating in the Steel/Sponge Iron/Pig Iron industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price was recorded at Rs 9.6, reflecting a decline of Rs 0.4 or 4.0% from the previous close. The stock's performance was notably impacted, reaching a low price of Rs 9.5 during the trading session, while the intraday high was Rs 9.9.Total traded volume for the day amounted to approximately 2.62 lakh shares, resulting in a turnover of Rs 0.25 crore. Despite the downturn, Kritika Wires outperformed its sector by 2.19% today, although it remains below the 5-day, 100-day, and 200-day moving averages. The stock's liquidity appears adequate, with delivery volume rising by 44.67% compared to the 5-day average.
As of now, Kritika Wires Ltd holds a market capitalization of Rs 264.95 crore, categorizing it as a microcap stock. Overall, the stock's performance today reflects a challenging trading environment, with notable fluctuations in price and volume.
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