Morarjee Textiles Stock Hits Lower Circuit Limit at Intraday Low of Rs 8.88

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 Rs 9.1, reflecting a decline of Rs 0.25 or 2.67% from the previous close. The stock opened with a gain of 3.74%, reaching an intraday high of Rs 9.7, but quickly fell to a low of Rs 8.88, marking a decrease of 5.03% during the session.
Total traded volume stood at 0.0221 lakh shares, with a turnover of Rs 0.0020332 crore. The stock's performance today underperformed its sector by 5.27%, and it has shown erratic trading patterns, not trading on two days out of the last 20. Additionally, the stock has been highly volatile, with an intraday volatility of 5.43%.

Despite being above the 50-day, 100-day, and 200-day moving averages, Morarjee Textiles is currently below its 5-day and 20-day moving averages. The delivery volume has also seen a decline of 44.56% compared to the 5-day average, indicating a drop in investor participation. Overall, the stock's performance today reflects a challenging trading environment.