Manomay Tex India Hits Lower Circuit Amid Heavy Selling Pressure

Intraday Price Movement and Circuit Trigger

On the trading day, Manomay Tex India opened with a gap down of 4.97%, setting a bearish tone from the outset. The stock touched an intraday low of ₹228.5, marking a 4.99% decline from the previous close. This movement culminated in the stock hitting its lower circuit price band of ₹229.75, representing a maximum permissible daily loss of 4.47% or ₹10.75 per share. The price band for the day was set at ₹5, limiting the extent of the fall but signalling strong downward momentum.

Volume and Liquidity Dynamics

Trading volumes for Manomay Tex India were relatively subdued, with total traded volume recorded at 59,220 shares (0.05922 lakhs) and turnover amounting to ₹0.1356 crore. The weighted average price indicated that most of the volume was transacted near the day’s low, suggesting that sellers dominated the session. Despite the stock’s micro-cap status with a market capitalisation of ₹436 crore, liquidity remained adequate for trades up to ₹0.12 crore, based on 2% of the five-day average traded value.

Recent Price Trends and Sector Comparison

Manomay Tex India has been on a downward trajectory for three consecutive trading sessions, accumulating a loss of 10.39% over this period. This underperformance is more pronounced when compared to the broader Garments & Apparels sector, which declined by 0.44% on the same day, and the Sensex, which fell by 0.33%. The stock’s one-day return stood at -3.66%, lagging behind both sectoral and benchmark indices.

Investor Participation and Delivery Volumes

Investor participation appears to be waning, as evidenced by a sharp drop in delivery volumes. On 2 Dec 2025, the delivery volume was recorded at 82 shares, reflecting a decline of 99.87% compared to the five-day average delivery volume. This steep fall in delivery volumes suggests a reduction in long-term investor interest or confidence, potentially exacerbating the selling pressure and contributing to the stock’s circuit hit.

Technical Indicators and Moving Averages

From a technical standpoint, Manomay Tex India’s last traded price remains above its 20-day, 50-day, 100-day, and 200-day moving averages, indicating that the stock has maintained some longer-term support levels. However, it trades below its 5-day moving average, signalling short-term weakness and a possible shift in momentum. The gap down opening and subsequent fall to the lower circuit reinforce the short-term bearish sentiment prevailing among traders.

Market Capitalisation and Industry Context

Operating within the Garments & Apparels industry, Manomay Tex India is classified as a micro-cap company with a market capitalisation of ₹436 crore. The sector has faced headwinds recently, with many stocks experiencing volatility amid changing consumer demand patterns and supply chain disruptions. The stock’s recent performance reflects these broader sectoral challenges, compounded by specific selling pressure on Manomay Tex India.

Implications for Investors

The lower circuit hit by Manomay Tex India signals a day of panic selling and unfilled supply, where sellers overwhelmed buyers, pushing the stock to its maximum daily loss limit. Such a scenario often reflects heightened uncertainty or negative sentiment among market participants. Investors should note the declining delivery volumes, which may indicate reduced conviction among long-term holders. The stock’s underperformance relative to its sector and benchmark indices further highlights the challenges it currently faces.

Outlook and Considerations

While the stock remains above key longer-term moving averages, the short-term technical indicators and recent price action suggest caution. Market participants may want to monitor upcoming corporate developments, sectoral trends, and broader market conditions before making investment decisions. The micro-cap nature of Manomay Tex India also implies higher volatility and risk, which investors should factor into their portfolio strategies.

Summary

Manomay Tex India’s trading session on 3 Dec 2025 was marked by a significant drop culminating in a lower circuit hit, driven by heavy selling pressure and a lack of sufficient buying interest. The stock’s three-day losing streak and underperformance relative to the Garments & Apparels sector and Sensex underscore the challenges it faces. Reduced delivery volumes and a gap down opening further illustrate the cautious stance of investors. While longer-term moving averages provide some support, the immediate outlook remains subdued amid ongoing market uncertainties.

Get 1 year of Weekly Picks FREE when you subscribe to MojoOne. Offer ends soon. Start Saving Now →