Reliance Home Finance Hits Lower Circuit Limit with Low Price of Rs 3.18

Reliance Home Finance Ltd, a microcap player in the housing finance sector, has experienced significant activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 3.24, reflecting a decline of Rs 0.11 or 3.28% from the previous session. The stock's performance has been notably poor, underperforming its sector by 3.24% and marking a consecutive decline over the past four days, with a total drop of 12.97% during this period.
Today's trading saw a total volume of approximately 3.57 lakh shares, resulting in a turnover of Rs 0.114 crore. The stock reached an intraday high of Rs 3.33 and a low of Rs 3.18, indicating a price band of 5%. Reliance Home Finance is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a persistent downward trend.

Despite a rise in delivery volume, which increased by 153.37% against the 5-day average, the overall market sentiment remains weak. The stock's performance today underscores the challenges faced by Reliance Home Finance in the current market environment.