Madhav Copper Stock Hits Lower Circuit Limit at Intraday Low of Rs 55.95

Madhav Copper Ltd, a microcap company in the Non-Ferrous Metals industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 57.49, reflecting a decline of Rs 1.41 or 2.39% from the previous close. The stock's performance was notably below sector expectations, underperforming by 4.66%.
During the trading session, Madhav Copper reached an intraday high of Rs 60.4 and a low of Rs 55.95, indicating a price band of 5%. The total traded volume was approximately 0.32851 lakh shares, resulting in a turnover of Rs 0.186 crore. Notably, the delivery volume on October 3 was zero, marking a 100% decrease compared to the five-day average, suggesting a decline in investor participation.

In terms of moving averages, the stock is currently above the 20-day, 50-day, 100-day, and 200-day averages but below the 5-day average. Overall, Madhav Copper's performance today reflects a challenging market position, with liquidity sufficient for trades around Rs 0.13 crore based on 2% of the five-day average traded value.