Revathi Equipment India Ltd Hits Lower Circuit Limit with Intraday Low of Rs 1154.2

Revathi Equipment India Ltd, a microcap player in the industrial manufacturing sector, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 1160.45, reflecting a notable decline of Rs 54.5 or 4.49% from the previous trading session. The stock opened with a gap down of 2.87% and reached an intraday low of Rs 1154.2, marking a 5% decrease during the day.
Total traded volume stood at approximately 0.01465 lakh shares, resulting in a turnover of Rs 0.1707 crore. The stock has been on a downward trend, having underperformed its sector by 4.34% and recorded a consecutive fall over the last two days, with a cumulative decline of 5.91%.

Despite trading above its 5-day, 20-day, 50-day, and 100-day moving averages, it remains below the 200-day moving average, indicating a challenging market position. The liquidity of the stock appears adequate, with delivery volume increasing by 46% compared to the 5-day average. Overall, Revathi Equipment India Ltd's performance today underscores the volatility and challenges faced in the current market environment.