Madhav Copper's Stock Hits Lower Circuit Limit at Intraday Low of Rs 57.16

Madhav Copper Ltd, a microcap company in the Non-Ferrous Metals industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 58.90, reflecting a decline of Rs 1.27 or 2.11% from the previous session. The stock's performance was notably below sector expectations, underperforming by 6.28%.
During the trading session, Madhav Copper reached an intraday high of Rs 62.10 and a low of Rs 57.16, indicating volatility within the price band of 5%. The total traded volume was approximately 0.68052 lakh shares, resulting in a turnover of Rs 0.4018 crore.

Investor participation appears to be waning, with delivery volume dropping by 54.49% compared to the five-day average, suggesting reduced trading interest. Despite trading above its moving averages for 5, 20, 50, 100, and 200 days, the stock's 1D return stood at -4.35%, contrasting with a sector return of 2.12% and a Sensex return of -0.08%.

Overall, Madhav Copper's performance today highlights a challenging trading environment, marked by a significant drop in price and investor engagement.