SEL Manufacturing Company Ltd Hits Lower Circuit Limit at Rs 32.65 Amid Decline
SEL Manufacturing Company Ltd faced a challenging trading day, hitting its lower circuit limit and closing at Rs 32.65, down from the previous session. The stock exhibited high volatility, with significant fluctuations and a marked decrease in investor participation, particularly in delivery volume compared to recent averages.
SEL Manufacturing Company Ltd, a player in the Garments & Apparels industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 32.65, reflecting a decline of Rs 1.72 or 5.0% from the previous trading session. This drop is notable as the stock underperformed its sector, which saw a slight increase of 0.35%.During the trading day, SEL Manufacturing reached an intraday high of Rs 35.4 but fell to a low of Rs 32.65, indicating high volatility with an intraday fluctuation of 7.47%. The total traded volume was approximately 0.3154 lakh shares, resulting in a turnover of Rs 0.1037666 crore.
The stock's performance today also highlighted a significant decrease in investor participation, with delivery volume plummeting by 86% compared to the five-day average. While the stock remains above its 50-day moving averages, it is trading below its 5-day, 20-day, 100-day, and 200-day moving averages.
In summary, SEL Manufacturing Company Ltd's performance today reflects a challenging trading environment, marked by a notable decline and reduced investor engagement.
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