Mindteck Hits Lower Circuit Limit with Intraday Low of Rs 226.35
Mindteck (India) Ltd, a microcap in the Computers - Software & Consulting sector, faced notable trading activity as its stock hit the lower circuit limit. The stock's performance showed a decline, with increased delivery volume indicating cautious investor sentiment amid ongoing market volatility.
Mindteck (India) Ltd, a microcap player in the Computers - Software & Consulting industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 239.60, reflecting a decline of Rs 1.02 or 0.42% from the previous close. The stock reached an intraday low of Rs 226.35, marking a decrease of 3.41% during the session.Today's trading saw a total volume of approximately 0.33234 lakh shares, resulting in a turnover of Rs 0.797 crore. The stock has been on a downward trend, underperforming its sector by 1.94% and recording a cumulative decline of 6.95% over the past three days. Notably, the stock's performance today was weaker than the broader market, with the Sensex down by 0.43%.
Despite the challenges, the stock remains liquid, with a delivery volume that has increased by 56.74% compared to its five-day average. The weighted average price indicates that more trading activity occurred near the low price, suggesting a cautious sentiment among investors. Overall, Mindteck (India) Ltd's performance today reflects ongoing volatility in the market.
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