SEL Manufacturing Company Hits Lower Circuit Limit, Closing at Rs 28.47
SEL Manufacturing Company Ltd faced notable trading activity as its stock reached the lower circuit limit, closing at Rs 28.47. The stock underperformed compared to the sector average and has seen a consecutive decline over the past two days. It is currently trading below key moving averages, indicating market challenges.
SEL Manufacturing Company Ltd, a player in the Garments & Apparels industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 28.47, reflecting a decline of Rs 1.5 or 5.01% from the previous close. The stock's performance was notably below the sector average, underperforming by 1.66%.During the trading session, SEL Manufacturing reached an intraday high of Rs 29.87 and a low of Rs 28.47, indicating a price band of 5%. The total traded volume was approximately 0.12843 lakh shares, with a turnover of Rs 0.0373 crore. Over the past two days, the stock has seen a consecutive decline, accumulating a total drop of 6.23%.
In terms of moving averages, SEL Manufacturing is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, highlighting a challenging market position. Despite a slight increase in delivery volume, the stock remains liquid enough for trading activities. Overall, SEL Manufacturing Company Ltd's performance today underscores ongoing challenges within the market context.
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