Lorenzini Apparels Hits Lower Circuit Limit with Intraday Low of Rs 10.81
Lorenzini Apparels Ltd, a microcap in the Garments & Apparels sector, saw significant trading activity as its stock hit the lower circuit limit. The stock traded between Rs 10.81 and Rs 11.38, with a notable increase in delivery volume, despite overall cautious market sentiment.
Lorenzini Apparels Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 11.02, reflecting a decline of Rs 0.36 or 3.16% from the previous close. The stock's performance was notably below sector averages, underperforming by 2.01%.During the trading session, Lorenzini Apparels reached an intraday high of Rs 11.38 and a low of Rs 10.81, indicating a price band of 5%. The total traded volume was approximately 0.34652 lakh shares, resulting in a turnover of Rs 0.0383 crore.
The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a consistent downward trend. Despite a rise in delivery volume, which increased by 94.21% against the 5-day average, the overall market sentiment remains cautious.
In summary, Lorenzini Apparels Ltd's stock has faced challenges today, marked by its lower circuit limit and underperformance relative to both its sector and broader market indices.
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