Raj Rayon Industries Faces Trading Challenges Amid Increased Delivery Volume and Circuit Limit Hit

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 stood at Rs 26.14, reflecting a decline of Rs 0.54 or 2.02% from the previous close. The stock's performance has been notably weak, underperforming its sector by 2.46% and marking a consecutive decline over the past nine days, resulting in a total drop of 16.75% during this period.
Today's trading saw the stock reach an intraday high of Rs 26.20 and a low of Rs 26.14, with a total traded volume of approximately 0.13085 lakh shares, leading to a turnover of around Rs 0.034 crore. The price band for the day was set at 2%, indicating limited upward movement potential.

Despite being above the 50-day, 100-day, and 200-day moving averages, the stock remains below the 5-day and 20-day moving averages. Notably, there has been a significant increase in delivery volume, which surged by 2844.94% compared to the 5-day average. Overall, Raj Rayon Industries Ltd's performance today reflects ongoing challenges in the market, with liquidity remaining adequate for trading activities.