Paradeep Phosphates Ltd Sees 7.73 Million Shares Traded Amid 4.31% Price Drop

Paradeep Phosphates Ltd, a small-cap player in the fertilizers industry, has emerged as one of the most active equities today, with a total traded volume of 7,730,040 shares and a total traded value of approximately Rs 143.25 crores. The stock opened at Rs 192.61 but has since seen a decline, with a last traded price of Rs 184.77, reflecting a 4.31% drop for the day.
The stock has underperformed its sector, which recorded a 1D return of -0.83%, while the broader Sensex fell by 0.38%. Notably, Paradeep Phosphates experienced a trend reversal after two consecutive days of gains, hitting an intraday low of Rs 182.20, a decrease of 5.73% from its previous close of Rs 193.28.

Investor participation has also waned, with delivery volume on September 25 falling by 5.66% compared to the five-day average. Despite this, the stock remains liquid, with a trade size of Rs 9.84 crores based on 2% of the five-day average traded value. Overall, Paradeep Phosphates is navigating a challenging trading environment, marked by notable fluctuations in its performance metrics.