Phantom Digital Effects Ltd Faces Trading Challenges Amid Declining Investor Participation
Phantom Digital Effects Ltd, a microcap company, saw significant trading activity as its stock hit the lower circuit limit. The last traded price was Rs 286.8, with a notable decline from the previous session. The stock's performance lagged behind the sector average, and investor participation showed signs of decline.
Phantom Digital Effects Ltd, a microcap company in the miscellaneous industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 286.8, reflecting a decline of Rs 15.1 or 5.0% from the previous session. The stock's performance was notably below the sector average, underperforming by 5.71%.During the trading session, Phantom Digital Effects reached an intraday high of Rs 303.35 and a low of Rs 286.8, indicating a price band of 5%. The total traded volume was recorded at 0.216 lakh shares, with a turnover of approximately Rs 0.6285 crore.
Despite being higher than the 20-day, 50-day, 100-day, and 200-day moving averages, the stock fell short of the 5-day moving average. Additionally, investor participation has shown signs of decline, with delivery volume dropping by 11.89% compared to the 5-day average.
In summary, Phantom Digital Effects Ltd's stock faced downward pressure today, reflecting broader market challenges and a notable decrease in trading activity.
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