Morarjee Textiles Hits Lower Circuit Limit with Stock Price at Rs 8.4

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 (LTP) was recorded at Rs 8.5, reflecting a decline of Rs 0.35 or 3.95% from the previous close. The stock's performance today underperformed the sector, which saw a modest decline of 0.48%.
The trading session revealed a low price of Rs 8.4, indicating a challenging day for investors. The stock reached an intraday high of Rs 9.0 but ultimately could not maintain momentum. Total traded volume was approximately 0.011 lakh shares, resulting in a turnover of Rs 0.0009735 crore.

Morarjee Textiles has shown erratic trading patterns, with the stock not trading on two occasions out of the last 20 days. While the stock is currently above its 100-day moving average, it remains below the 5-day, 20-day, 50-day, and 200-day moving averages. Notably, there has been a rise in investor participation, with delivery volume increasing by 65.72% compared to the 5-day average.

In summary, Morarjee Textiles Ltd faced a challenging trading day, marked by a significant drop in price and hitting its lower circuit limit, reflecting the current volatility in its market performance.