SEL Manufacturing Company Hits Lower Circuit Limit, Trading at Rs 39.13 After 5% Decline

SEL Manufacturing Company Ltd, operating in the Garments & Apparels industry, experienced significant trading activity today as its stock hit the lower circuit limit. The stock closed at Rs 39.13, reflecting a decline of Rs 2.06 or 5.0% from the previous trading session. Notably, the stock opened with a gap down of 5% and maintained this price throughout the day, reaching an intraday low of Rs 39.13.
In terms of trading volume, SEL Manufacturing recorded a total traded volume of approximately 0.02215 lakh shares, resulting in a turnover of Rs 0.00867 crore. The stock has been underperforming, with a 1D return of -5.00%, and has seen a consecutive decline over the past two days, totaling a drop of 9.76%.

Despite these challenges, SEL Manufacturing is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating some resilience in its longer-term performance metrics. However, investor participation appears to be waning, with delivery volume decreasing by 24.96% compared to the 5-day average. Overall, SEL Manufacturing Company Ltd's performance today underscores the volatility and challenges faced in the current market environment.