Mangalam Organics Hits Lower Circuit Limit with Intraday Low of Rs 485.5

Mangalam Organics Ltd, a microcap player in the commodity chemicals sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 487.55, reflecting a notable decline of Rs 51.9 or 9.62% from the previous close. The stock opened with a gap down of 9.9% and reached an intraday low of Rs 485.5, marking a 10% drop during the session.
Total traded volume stood at approximately 0.11657 lakh shares, with a turnover of Rs 0.5707 crore. The stock has been on a downward trend, underperforming its sector by 9.58% and recording a consecutive fall over the last three days, with a cumulative decline of 9.6%.

Mangalam Organics is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, the stock has shown high volatility today, with an intraday volatility of 6.78%. The delivery volume has also decreased by 31.57% compared to the 5-day average, suggesting a decline in investor participation. Overall, the stock's performance today reflects a challenging market position for Mangalam Organics.