Raj Rayon Industries Hits Lower Circuit Limit, Closing at Rs 24.0

Raj Rayon Industries Ltd, a small-cap player in the Garments & Apparels sector, has experienced significant activity today as the stock hit its lower circuit limit. The last traded price (LTP) stood at Rs 24.0, reflecting a decline of Rs 0.49 or 2.0% from the previous close. The stock's performance has been underwhelming, underperforming its sector by 2.26% and marking a consecutive fall over the last two days, with a total decline of 3.96% during this period.
The stock traded within a price band of 2%, with an intraday high of Rs 24.7 and a low of Rs 24.0. Total traded volume reached approximately 0.08161 lakh shares, resulting in a turnover of Rs 0.0196 crore. Notably, Raj Rayon Industries is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite the challenges, there has been a notable increase in investor participation, with delivery volume on October 27 rising by 2582.34% compared to the 5-day average. Overall, Raj Rayon Industries Ltd's performance today reflects a challenging market environment, with the stock facing downward pressure.