Shanti Overseas Faces Trading Challenges Amid Significant Decline and Circuit Limit Hit

Shanti Overseas (India) Ltd, operating in the Other Agricultural Products sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 11.28, reflecting a decline of Rs 0.6 or 5.05% from the previous close. The stock's performance today underperformed its sector, which saw a slight gain of 0.18%.
The trading session recorded a total volume of approximately 0.20746 lakh shares, resulting in a turnover of Rs 0.0234 crore. Notably, the stock's price band was set at 5%, with the intraday high matching the last traded price at Rs 11.28, while the low price also remained at Rs 11.28, indicating a lack of upward movement during the trading day.

In terms of moving averages, Shanti Overseas is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, suggesting a consistent downward trend. The stock's liquidity is deemed sufficient for trading, based on 2% of the 5-day average traded value.

Overall, Shanti Overseas (India) Ltd's performance today highlights ongoing challenges, as reflected in its significant decline and lower circuit limit hit.