Morarjee Textiles Hits Lower Circuit Limit with Intraday Low of Rs 8.66

Morarjee Textiles Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 9.11, reflecting a minor decline of Rs 0.01 or 0.11%. Notably, it reached an intraday low of Rs 8.66, marking a decrease of 5.04% from the previous trading session.
The stock's performance today was characterized by a total traded volume of approximately 0.05223 lakh shares, resulting in a turnover of Rs 0.00454 crore. Despite the downturn, Morarjee Textiles outperformed its sector by 0.26%, although it faced erratic trading patterns, having not traded on two occasions in the last 20 days.

The price band for the stock is set at 5%, indicating the limits within which it can trade. While the stock's weighted average price suggests more volume was traded closer to its low price, it remains above its 5-day, 50-day, 100-day, and 200-day moving averages, although it is lower than the 20-day moving average.

Overall, Morarjee Textiles Ltd's performance today highlights a challenging trading environment, with a notable drop in investor participation and liquidity concerns.