Raj Rayon Industries Stock Hits Lower Circuit Limit at Rs 24.49 Amid Market Volatility
Raj Rayon Industries Ltd, a small-cap company in the Garments & Apparels sector, faced significant trading activity as its stock hit the lower circuit limit. The stock traded within a narrow range, with increased delivery volume suggesting a shift in trading dynamics amid a challenging market environment.
Raj Rayon Industries Ltd, a small-cap player in the Garments & Apparels sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 24.49, reflecting a decline of Rs 0.50 or 2.0% from the previous close. The stock's performance was notably below sector expectations, underperforming by 1.66%.During the trading session, Raj Rayon Industries reached an intraday high of Rs 25.47 and a low of Rs 24.49, indicating a price band of 2%. The total traded volume was approximately 0.08387 lakh shares, resulting in a turnover of Rs 0.02077 crore.
In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a bearish trend. Interestingly, there was a notable increase in delivery volume, which rose by 43.7% compared to the 5-day average, indicating a shift in trading dynamics.
Overall, Raj Rayon Industries Ltd's stock performance today reflects a challenging market environment, with the stock hitting its lower circuit limit and underperforming relative to its sector.
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