Onward Technologies Faces Increased Trading Activity Amid Ongoing Market Challenges
Onward Technologies Ltd, a microcap in the Computers - Software & Consulting sector, faced notable trading activity as its stock reached the lower circuit limit, closing at Rs 317.0. The company has seen a decline over the past two days and is currently below its short-term moving averages.
Onward Technologies Ltd, a microcap company in the Computers - Software & Consulting industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 317.0, reflecting a decline of Rs 5.4 or 1.67%. Notably, the stock reached an intraday low of Rs 306.3, marking a drop of 4.99% during the trading session.The total traded volume for Onward Technologies was approximately 0.25292 lakh shares, resulting in a turnover of Rs 0.7939 crore. The stock has been on a downward trend, having underperformed its sector by 2.4% and recorded a consecutive fall over the last two days, with a total decline of 5.83% in that period.
Despite trading above its 50-day, 100-day, and 200-day moving averages, Onward Technologies is currently below its 5-day and 20-day moving averages. The stock's liquidity remains adequate, with a delivery volume that has decreased significantly by 65.15% compared to the 5-day average. Overall, Onward Technologies continues to navigate a challenging market environment, reflecting broader trends in investor participation and stock performance.
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