Morarjee Textiles Hits Lower Circuit Amid Heavy Selling Pressure

Morarjee Textiles, listed under series BZ, witnessed a price drop of ₹0.40 from the previous close, hitting the lower price band of ₹7.50 against a high of ₹7.90 during the trading session. The stock’s movement was characterised by panic selling, with volumes reflecting a subdued trading interest. Total traded volume stood at a mere 0.00452 lakh shares, translating to a turnover of ₹0.000347 crore, indicating a lack of substantial buying support to absorb the supply.

The stock’s performance on the day was notably weaker than its sector peers, which recorded a marginal decline of 0.18%, while the Sensex advanced by 0.52%. This divergence highlights the specific challenges faced by Morarjee Textiles amid broader market resilience. The company’s market capitalisation remains modest at ₹29.00 crore, categorising it firmly as a micro-cap stock, which often entails higher volatility and sensitivity to market sentiment.

Technical indicators further underline the bearish momentum. Morarjee Textiles is trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This persistent weakness across multiple timeframes suggests a sustained downtrend, which may deter short-term investors and traders seeking momentum plays.

Investor participation has also diminished markedly. Delivery volume on 18 Nov 2025 was recorded at 100 shares, representing a steep decline of 78.38% compared to the five-day average delivery volume. Such a drop in delivery volumes signals reduced conviction among investors to hold the stock, possibly due to concerns over the company’s fundamentals or broader sectoral headwinds.

Liquidity metrics for Morarjee Textiles indicate that the stock is sufficiently liquid for trading sizes up to ₹0 crore, based on 2% of the five-day average traded value. While this suggests some capacity for trade execution without significant price impact, the extremely low turnover on the day points to a lack of active market participants willing to transact at current price levels.

The company operates within the Garments & Apparels industry, a sector that has faced mixed fortunes amid fluctuating demand patterns and input cost pressures. Morarjee Textiles’ current market dynamics may reflect sector-specific challenges as well as company-specific factors influencing investor sentiment.

Given the stock’s micro-cap status and recent price action, investors should be mindful of the heightened volatility and potential for sharp price swings. The maximum daily loss of 5.06% hitting the lower circuit limit is indicative of unfilled supply and a possible imbalance between sellers and buyers at prevailing price points.

Market participants analysing Morarjee Textiles should consider the stock’s current trading below all major moving averages as a sign of persistent downward pressure. The sharp fall relative to the sector and benchmark indices underscores the stock’s vulnerability to negative sentiment and potential fundamental concerns.

Moreover, the drastic reduction in delivery volumes suggests that long-term investor interest is waning, which could exacerbate volatility in the near term. The limited liquidity and micro-cap classification further amplify the risk profile, making it essential for investors to carefully evaluate their exposure and risk tolerance.

In summary, Morarjee Textiles’ stock performance on 19 Nov 2025 reflects a confluence of heavy selling pressure, panic-induced declines, and unfilled supply at the lower circuit price limit. While the broader market and sector have shown relative stability, this micro-cap stock remains under significant stress, warranting cautious observation by market participants.

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