Mahamaya Steel Industries Hits Lower Circuit Limit at Rs 543.65, Declines 5%
Mahamaya Steel Industries Ltd faced notable trading activity today, hitting its lower circuit limit with a last traded price of Rs 543.65. The stock opened lower and recorded minimal price movement throughout the session, while total traded volume was approximately 0.02436 lakh shares.
Mahamaya Steel Industries Ltd, a microcap player in the Iron & Steel Products sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 543.65, reflecting a notable decline of 28.6 points or 5.0% from the previous session. The stock opened with a gap down, starting the day at Rs 543.65 and subsequently reaching an intraday low of the same price, indicating a lack of price movement throughout the trading session.Total traded volume was recorded at 0.02436 lakh shares, resulting in a turnover of approximately Rs 0.132 crore. Despite today's downturn, Mahamaya Steel Industries has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a prior upward trend before this reversal. The stock underperformed its sector, which saw a decline of 2.19%, while the broader market, represented by the Sensex, posted a slight gain of 0.12%.
In summary, Mahamaya Steel Industries Ltd's performance today reflects a significant shift, with the stock hitting its lower circuit limit amid broader market conditions.
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