SEL Manufacturing Faces Significant Volatility Amid Ongoing Market Challenges
SEL Manufacturing Company Ltd, a player in the Garments & Apparels sector, faced notable trading activity today, hitting its lower circuit limit. The stock exhibited high volatility and underperformed its sector, with consecutive losses over the past two days. It has been trading below key moving averages, indicating market challenges.
SEL Manufacturing Company Ltd, operating in the Garments & Apparels industry, experienced significant trading activity today, hitting its lower circuit limit. The stock's last traded price was Rs 34.6, reflecting a change of Rs 0.29, or a 0.85% decrease. Notably, the stock reached an intraday low of Rs 32.59, marking a decline of 5.01% from the previous close.Throughout the trading session, SEL Manufacturing Company demonstrated high volatility, with an intraday volatility of 6.62%. The stock's performance today underperformed its sector, which saw a decline of 2.95%. Over the past two days, SEL Manufacturing has faced consecutive losses, accumulating a total return of -6.5%.
The total traded volume for the day was approximately 0.23652 lakh shares, resulting in a turnover of Rs 0.078 crore. The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. Overall, SEL Manufacturing Company Ltd's performance today reflects ongoing difficulties within the microcap segment of the market.
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