Salasar Techno Engineering Sees Surge in Trading Activity Amidst Price Struggles
Salasar Techno Engineering Ltd has seen significant trading activity today, with over 39 million shares exchanged and a market cap of Rs 1,376.24 crore. Despite recent declines and underperformance against its sector, investor participation has notably increased, indicating heightened interest in the stock.
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 39,028,649 shares and a total traded value of approximately Rs 31.18 crore. The stock opened at Rs 8.06 and reached a day high of Rs 8.22, while the day low was recorded at Rs 7.88. Currently, the last traded price stands at Rs 7.94, reflecting a slight decline of 0.13% for the day.Despite today's activity, Salasar Techno has been on a downward trend, having underperformed its sector by 0.67%. The stock has experienced consecutive falls over the past five days, resulting in a cumulative decline of 7.96%. It is also trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
On a positive note, investor participation has risen significantly, with a delivery volume of 3.19 crore shares on June 18, marking an increase of 284.64% compared to the 5-day average. The stock remains liquid enough for trading, with a market cap of Rs 1,376.24 crore. Overall, Salasar Techno Engineering's performance today reflects a mix of heightened trading activity amid ongoing challenges in its price trajectory.
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