Morarjee Textiles Ltd Stock Hits Lower Circuit Limit at Rs 8.91

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 a last traded price of Rs 8.91, reflecting a decline of Rs 0.47 or 5.01% from the previous session. The stock's performance was marked by a price band of 5%, with an intraday high of Rs 9.49 and a low of Rs 8.91.
In terms of trading volume, Morarjee Textiles recorded a total traded volume of approximately 0.10015 lakh shares, resulting in a turnover of around Rs 0.0089 crore. The stock's performance today was in line with the sector, which saw a marginal decline of 0.01%. Notably, the stock has shown erratic trading patterns, having not traded on two days out of the last 20.

Despite being higher than the 100-day and 200-day moving averages, Morarjee Textiles is currently below its 5-day, 20-day, and 50-day moving averages. Additionally, investor participation appears to be waning, with delivery volume decreasing by 8.39% compared to the 5-day average. Overall, Morarjee Textiles' performance today underscores the challenges faced in the current market environment.