Prajay Engineers Syndicate Ltd Hits Lower Circuit Limit with Intraday Low of Rs 29.38

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 29.76, reflecting a decline of Rs 1.17 or 3.78% from the previous trading session. Notably, the stock reached an intraday low of Rs 29.38, marking a decrease of 5.01% during the day.
The trading volume was recorded at approximately 0.23285 lakh shares, with a turnover of Rs 0.06899 crore. The stock's performance today underperformed its sector by 3.86%, indicating a challenging market environment. Despite this downturn, Prajay Engineers Syndicate is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a complex trend in its price movements.

The stock exhibited high volatility, with an intraday volatility of 7.64%. Additionally, there was a notable increase in delivery volume, which rose by 149.98% compared to the 5-day average, indicating heightened trading activity. Overall, the stock's performance today reflects a significant shift in market dynamics, with investors closely monitoring its developments.