Raj Oil Mills Faces Increased Volatility Amid Declining Investor Participation and Trading Activity

Raj Oil Mills Ltd, a microcap player in the edible oil industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 53.90, reflecting a decline of Rs 1.20 or 2.18%. Notably, it reached an intraday low of Rs 52.34, marking a drop of 5.01% from the previous trading session.
The stock has been on a downward trend, underperforming its sector by 4.51% and recording a cumulative decline of 14.08% over the past week. Today's trading volume was approximately 0.28467 lakh shares, resulting in a turnover of Rs 0.14985 crore. The stock's volatility was pronounced, with an intraday volatility of 5.66%, indicating fluctuating investor sentiment.

Despite trading above its 50-day, 100-day, and 200-day moving averages, Raj Oil Mills has fallen below its 5-day and 20-day moving averages. Additionally, delivery volume has decreased significantly, down 77.35% compared to the 5-day average, suggesting a decline in investor participation. Overall, Raj Oil Mills Ltd's performance today reflects ongoing challenges within the market.