MIRC Electronics Hits Lower Circuit Limit with Intraday Low of Rs 24.61

MIRC Electronics Ltd, a player in the Electronics & Appliances sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was Rs 25.8, reflecting a decline of Rs 1.12 or 4.16% from the previous close. The stock reached an intraday low of Rs 24.61, marking a drop of 4.35% during the session. The total traded volume stood at approximately 6.8 lakh shares, resulting in a turnover of Rs 1.77 crore. Despite the downturn, the stock remains above its 50-day, 100-day, and 200-day moving averages, although it is below the 5-day and 20-day moving averages. Over the past four days, MIRC Electronics has seen a cumulative decline of 15.11%. In terms of market performance, the stock underperformed its sector by 2.93% today, while the broader market, represented by the Sensex, fell by 0.43%. The liquidity of the stock appears adequate, with delivery volume on September 25 rising by 80.1% compared to the five-day average. Overall, MIRC Electronics Ltd's performance today reflects ongoing challenges, as evidenced by its recent price movements and trading metrics.