SEL Manufacturing Company Ltd Hits Lower Circuit Limit at Rs 37.17, Declines 5.01%
SEL Manufacturing Company Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 37.17. The day's trading volume was around 0.07752 lakh shares, with a turnover of Rs 0.0288 crore. Investor participation decreased significantly, indicating a challenging trading environment.
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 stood at Rs 37.17, reflecting a decline of Rs 1.96 or 5.01% from the previous close. Notably, the stock reached its intraday low of Rs 37.17, which coincided with the lower circuit limit, indicating a notable drop in investor confidence.The total traded volume for the day was approximately 0.07752 lakh shares, with a turnover of Rs 0.0288 crore. Despite the downturn, the stock outperformed its sector by 5.11%, although it has shown a trend reversal after four consecutive days of decline.
Investor participation appears to be waning, with delivery volume dropping by 64.72% compared to the five-day average. The stock remains liquid enough for trading, based on 2% of the five-day average traded value.
In summary, SEL Manufacturing Company Ltd's performance today highlights a challenging trading environment, marked by a significant decline and reduced investor activity.
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