Madhucon Projects Ltd Hits Lower Circuit Limit with Stock Price Dropping to Rs 7.49

Madhucon Projects Ltd, a microcap company in the construction industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at a last traded price of Rs 7.62, reflecting a decline of Rs 0.27 or 3.42% from the previous session. The stock's performance was notably below the sector average, underperforming by 4.2%.
During the trading session, Madhucon Projects reached an intraday high of Rs 8.19 and a low of Rs 7.49, indicating a price band of 5%. The total traded volume was approximately 0.35846 lakh shares, resulting in a turnover of Rs 0.02742 crore.

Despite the recent downturn, the stock remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is below the 20-day moving average. Notably, there has been a rise in investor participation, with delivery volume increasing by 242.27% compared to the 5-day average.

In summary, Madhucon Projects Ltd has faced a challenging trading day, marked by a significant drop in stock price and a hit to its lower circuit limit, reflecting the current market dynamics.