Shankara Building Products Hits Lower Circuit Limit at Rs 137.45, Declines 10% Today

Shankara Building Products Ltd, a small-cap player in the Building Products industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 137.45, reflecting a notable decline of Rs 15.28 or 10% from the previous close. The stock opened with a gap down of 6.37%, and during the session, it reached an intraday low of Rs 137.45, marking a 10% drop.
The trading volume was substantial, with approximately 11.43 lakh shares exchanged, resulting in a turnover of Rs 16.29 crore. The stock has been on a downward trajectory, underperforming its sector by 7.69% and recording a staggering 41.92% decline over the past ten days. It has consistently traded below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend.

Today's volatility was pronounced, with an intraday fluctuation of 6.53%. Additionally, delivery volume has decreased significantly, falling by 43.87% compared to the 5-day average. Overall, Shankara Building Products Ltd's performance today underscores the challenges it faces in the current market environment.