Omax Autos Hits Lower Circuit Limit at Rs 98.72, Marking 10% Decline

Omax Autos Ltd, a microcap player in the Auto Components & Equipments industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 98.72, reflecting a notable decline of 10.97 points or 10% from the previous close. The stock opened with a gap down of 7.83%, and during the session, it reached an intraday low of Rs 98.72.
Total traded volume amounted to approximately 3.03 lakh shares, resulting in a turnover of Rs 3.02 crore. The stock has been on a downward trend, underperforming its sector by 10.08% and recording a consecutive fall over the last four days, with a total decline of 19.86% during this period. Omax Autos is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Investor participation appears to be waning, with delivery volume dropping by 89.54% compared to the 5-day average. Overall, Omax Autos Ltd's performance today highlights ongoing challenges within the market, as reflected in its significant price drop and reduced trading activity.