Lasa Supergenerics Ltd Hits Lower Circuit Limit with Low Price of Rs 11.02
Lasa Supergenerics Ltd faced significant trading activity today, hitting its lower circuit limit with a notable decline. The stock's performance was below the sector average, and investor participation decreased sharply. Despite remaining above several moving averages, it traded below its 200-day moving average, indicating a shift in market sentiment.
Lasa Supergenerics Ltd, a microcap player in the Pharmaceuticals & Biotechnology sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was recorded at Rs 11.08, reflecting a decline of Rs 0.52 or 4.48% from the previous close. The stock's performance was notably below the sector average, underperforming by 5.25%.During the trading session, Lasa Supergenerics reached an intraday high of Rs 11.60 and a low of Rs 11.02, indicating a price band of 5%. The total traded volume amounted to approximately 0.20168 lakh shares, with a turnover of Rs 0.022366312 crore.
The stock has shown a trend reversal, falling after four consecutive days of gains. Additionally, investor participation has decreased significantly, with delivery volume dropping by 75.18% compared to the five-day average. While the stock remains above its 5-day, 20-day, 50-day, and 100-day moving averages, it is trading below its 200-day moving average, highlighting a shift in market sentiment.
In summary, Lasa Supergenerics Ltd's performance today reflects a challenging trading environment, marked by a notable decline and reduced investor engagement.
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