Salasar Techno Engineering Ltd Sees 22.39 Million Shares Traded on September 25
Salasar Techno Engineering Ltd has become highly active in trading, with over 22 million shares exchanged. The stock has experienced significant volatility, opening at Rs 9.52 and reaching a day high of Rs 9.68. Recent performance shows a decline, with waning investor participation and consecutive losses over the past week.
Salasar Techno Engineering Ltd, a small-cap player in the industrial manufacturing sector, has emerged as one of the most active equities today, with a total traded volume of 22,394,015 shares and a total traded value of approximately Rs 2,075.93 lakhs. The stock opened at Rs 9.52 and reached a day high of Rs 9.68, but it has also seen a day low of Rs 8.97, reflecting a volatile trading session.Currently, the last traded price (LTP) stands at Rs 9.02, marking a decline of 6.07% for the day, which is significantly lower than the sector's average decline of 0.86%. Over the past five days, Salasar Techno Engineering has experienced a consecutive fall, with a total return of -11.5%. The stock's performance has underperformed the sector by 4.99%.
Investor participation appears to be waning, as evidenced by a delivery volume of 48 lakhs on September 24, which represents a 46.66% decrease compared to the five-day average. Despite this, the stock remains liquid enough for trades sized at Rs 0.37 crore, based on 2% of the five-day average traded value. Overall, Salasar Techno Engineering's recent performance indicates a challenging period for the company within the industrial manufacturing landscape.
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