Linc Ltd Hits Lower Circuit Limit, Closes at Low Price of Rs 119.98
Linc Ltd, a microcap company, faced significant trading activity as its stock hit the lower circuit limit, closing at Rs 119.98 after a decline. The stock has fallen consecutively over five days, trading below key moving averages, despite a notable increase in delivery volume.
Linc Ltd, a microcap company in the miscellaneous industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 119.98, reflecting a decline of Rs 6.32 or 5.0% from the previous close. The stock's performance has been under pressure, marking a consecutive fall over the last five days, with a total decline of 7.31% during this period.Today's trading saw a total volume of approximately 0.63067 lakh shares, resulting in a turnover of Rs 0.77667 crore. The stock reached an intraday high of Rs 131.0 but ultimately settled at its low price of Rs 119.98, which is indicative of the current bearish sentiment surrounding it.
Linc Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, further highlighting its recent struggles. Despite a rise in delivery volume by 149.19% against the 5-day average, the overall market position remains challenging.
In summary, Linc Ltd's stock has faced notable downward pressure today, reflecting broader trends in its recent performance.
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