Oil Country Tubular Ltd Hits Lower Circuit Limit with Low Price of Rs 68.45

Oil Country Tubular Ltd, a microcap company in the oil industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 69.52, reflecting a decline of Rs 2.54 or 3.52% from the previous session. The stock's performance was marked by a low price of Rs 68.45, which contributed to its circuit limit status, while the intraday high reached Rs 72.46. In terms of trading volume, approximately 0.29657 lakh shares were exchanged, resulting in a turnover of Rs 0.208 crore. Despite the downturn, the stock outperformed its sector by 0.37%, although it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Investor participation showed a slight increase, with a delivery volume of 29.37 thousand shares on September 25, up by 1.73% compared to the 5-day average. The stock's liquidity remains adequate, representing 2% of the 5-day average traded value. Overall, Oil Country Tubular Ltd's performance today reflects a challenging trading environment, underscored by its recent price movements.