Madhucon Projects Ltd Hits Lower Circuit Limit with Intraday Low of Rs 6.84

Madhucon Projects Ltd, a microcap company in the construction industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 7.03, reflecting a decline of Rs 0.18 or 2.5% from the previous session. The stock's performance has been underwhelming, underperforming its sector by 2.98% and showing a consecutive decline over the last three days, with a total drop of 5.38% during this period.
The stock reached an intraday high of Rs 7.47 and a low of Rs 6.84, indicating a price band of 5%. Total traded volume stood at approximately 0.93 lakh shares, with a turnover of Rs 0.064 crore. Notably, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a bearish trend.

Investor participation has also waned, with delivery volume dropping by 74.56% compared to the 5-day average. Overall, Madhucon Projects Ltd's performance today reflects ongoing challenges within the market, as indicated by its 1D return of -2.22%.