Silgo Retail Ltd Hits Lower Circuit Limit, Closing at Rs 64.05 Amid Decline

Silgo Retail Ltd, a microcap player in the retailing industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 64.05, reflecting a decline of Rs 3.38, or 5.01%, from the previous session. The stock's performance was notably below sector benchmarks, underperforming by 3.79%. During the trading session, Silgo Retail reached an intraday high of Rs 67.34 and a low of Rs 64.05, indicating a price band of 5%. The total traded volume was recorded at approximately 0.13519 lakh shares, resulting in a turnover of Rs 0.087 crore. In terms of moving averages, the stock is currently above its 50-day, 100-day, and 200-day averages, but below its 5-day and 20-day averages. The broader market, represented by the BSE Small Cap index, also faced a decline of 1.93%. Overall, Silgo Retail's performance today reflects a challenging trading environment, with the stock's movement indicating a notable downward trend within the retail sector.