Setco Automotive Ltd Hits Lower Circuit Limit at Rs 18.53, Declines 4.05%

Setco Automotive Ltd, a microcap player in the Auto Components & Equipments industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 18.72, reflecting a decline of Rs 0.79 or 4.05% from the previous close. The stock reached an intraday low of Rs 18.53, indicating a notable drop in value.
During the trading session, Setco Automotive saw a total traded volume of approximately 2.04 lakh shares, resulting in a turnover of Rs 0.38 crore. The stock underperformed its sector, which saw a minor decline of 0.07%, and the broader market, represented by the Sensex, also fell by 0.38%.

Despite today's downturn, Setco Automotive has been trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a complex performance trend. The stock's delivery volume on September 25 showed a significant increase of 120.1% compared to the 5-day average, indicating rising investor participation.

In summary, Setco Automotive's performance today highlights a sharp decline, with the stock hitting its lower circuit limit, reflecting broader market challenges and sector-specific pressures.