Power & Instrumentation (Gujarat) Ltd Faces Increased Volatility Amid Significant Trading Activity
Power & Instrumentation (Gujarat) Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 125.5. The stock experienced high volatility, with a significant intraday range and total traded volume of approximately 1.52 lakh shares, indicating a challenging trading environment.
Power & Instrumentation (Gujarat) Ltd, a microcap company in the Other Electrical Equipment industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 125.5, reflecting a decline of Rs 5.28 or 4.04% from the previous trading session. Notably, the stock reached an intraday low of Rs 124.24, marking a 5% drop, while the intraday high was recorded at Rs 135. The total traded volume for the day was approximately 1.52 lakh shares, resulting in a turnover of around Rs 1.95 crore. The stock's performance today underperformed its sector by 2.9%, following two consecutive days of gains prior to this decline. It opened with a loss of 2.13%, indicating a bearish sentiment from the start of the trading session.
Despite being higher than the 5-day moving average, the stock remains below the 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a shift in momentum. The stock exhibited high volatility, with an intraday volatility of 5.49%. Overall, Power & Instrumentation (Gujarat) Ltd's performance today reflects a challenging trading environment, with notable declines and increased market activity.
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