Raj Rayon Industries Hits Lower Circuit Limit at Rs 27.92 Amid Market Decline

Raj Rayon Industries Ltd, a small-cap player in the Garments & Apparels sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was recorded at Rs 28.39, reflecting a decrease of Rs 0.1, or 0.35%, from the previous session. The stock's performance was notably constrained, with a low price of Rs 27.92, which contributed to its circuit limit being reached.
Throughout the trading session, Raj Rayon Industries saw a total traded volume of approximately 0.09667 lakh shares, resulting in a turnover of Rs 0.0273 crore. The stock's price band was set at 2%, indicating limited movement within this range. The intraday high was noted at Rs 28.49, but the overall trend remained downward.

Despite the stock's recent performance, it has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there was a notable increase in delivery volume, which surged by 284.56% compared to the 5-day average.

In summary, Raj Rayon Industries Ltd's stock faced downward pressure today, hitting its lower circuit limit, with a focus on its low price and trading metrics.