Mahalaxmi Fabric Mills Faces Trading Challenges Amid Reduced Liquidity and Price Constraints
Mahalaxmi Fabric Mills Ltd, a microcap in the Garments & Apparels sector, faced notable trading activity, hitting its lower circuit limit and closing at Rs 30.34. The stock's performance lagged behind its sector and the broader market, with reduced liquidity and a significant drop in investor participation.
Mahalaxmi Fabric Mills Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 30.34, reflecting a decline of Rs 1.6 or 5.01% from the previous session. The stock's performance today underperformed its sector, which saw a 1D return of -1.09%, while the broader Sensex fell by 0.62%.The trading range for Mahalaxmi Fabric Mills was notably constrained, with a high of Rs 32.0 and a low of Rs 30.34, indicating a price band of 5%. Total traded volume was recorded at 0.00372 lakh shares, resulting in a turnover of approximately Rs 0.001145388 crore.
In terms of moving averages, the stock is currently above its 5-day, 20-day, 50-day, and 100-day averages but remains below its 200-day moving average. Additionally, investor participation has seen a decline, with delivery volume dropping by 90.34% compared to the 5-day average.
Overall, Mahalaxmi Fabric Mills Ltd's performance today highlights a challenging trading environment, marked by reduced liquidity and significant price movement.
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