Morarjee Textiles Hits Lower Circuit Limit with Stock Price at Rs 8.36

Morarjee Textiles Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was recorded at Rs 8.36, reflecting a decline of Rs 0.44, or 5.0%. The stock's performance was marked by a total traded volume of 0.02 lakh shares, resulting in a turnover of Rs 0.001672 crore.
The stock's price band was set at 5%, with the intraday high matching the last traded price at Rs 8.36, while the low price also stood at Rs 8.36, indicating a lack of upward movement during the trading session. Notably, Morarjee Textiles outperformed its sector by 1.03%, despite the overall market trend, with the sector experiencing a 1D return of -0.91% and the Sensex down by 0.65%.

Investor participation appears to be declining, as evidenced by a delivery volume of 2.51k shares on November 6, which has decreased by 44.04% compared to the five-day average. The stock remains liquid enough for trading, based on 2% of the five-day average traded value. Overall, Morarjee Textiles' performance today reflects a challenging trading environment, with key metrics indicating a cautious market sentiment.