Prajay Engineers Syndicate Ltd Hits Lower Circuit Limit at Rs 30.1, Declines 5.02%

Prajay Engineers Syndicate Ltd, a microcap player in the realty sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 30.1, reflecting a decline of Rs 1.59 or 5.02% from the previous session. The stock opened with a gap down, starting the day at a loss of 2.02%. Throughout the trading session, it reached an intraday low of Rs 30.1, indicating heightened volatility with an intraday fluctuation of 5.63%.
Total traded volume for the day was approximately 1.14 lakh shares, resulting in a turnover of Rs 0.35 crore. Notably, the stock underperformed its sector by 2.06%, with a 1D return of -3.41%, compared to the sector's -1.47% and the Sensex's negligible change of -0.01%.

Despite being above its 20-day, 50-day, 100-day, and 200-day moving averages, the stock's performance today highlighted a significant drop in investor participation, with delivery volume plummeting by 95.57% against the five-day average. Overall, Prajay Engineers Syndicate Ltd's trading activity today underscores a challenging market environment for the company.