Orchasp Ltd Hits Lower Circuit Limit with Stock Price Dropping to Rs 3.47

Orchasp Ltd, a microcap company in the Computers - Software & Consulting industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 3.47, reflecting a decline of Rs 0.19 or 5.19% from the previous session. The stock's performance has been notably weak, underperforming its sector by 5.77% and marking a consecutive fall over the last three days, resulting in a total decline of 13.03% during this period. The stock traded within a price band of 5%, with an intraday high of Rs 3.62 and a low of Rs 3.47. Total traded volume reached approximately 1.97 lakh shares, with a turnover of Rs 0.068 crore. Notably, investor participation has decreased significantly, with delivery volume dropping by 97.47% compared to the five-day average. Despite being above the 20-day, 50-day, 100-day, and 200-day moving averages, Orchasp's stock remains below the 5-day moving average, indicating a challenging trading environment. Overall, the stock's performance today underscores ongoing volatility and a lack of investor confidence.