Silly Monks Entertainment Ltd Hits Lower Circuit Limit, Closes at Rs 24.88

Silly Monks Entertainment Ltd, a microcap player in the Media & Entertainment sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 24.88, reflecting a decline of Rs 1.31 or 5.0% from the previous session. The stock's performance today underperformed the sector, which saw a modest decline of 0.30%. During the trading session, Silly Monks reached an intraday high of Rs 26.19 and a low of Rs 24.88, indicating a price band of 5%. The total traded volume was approximately 0.19057 lakh shares, with a turnover of Rs 0.04768 crore. Notably, the delivery volume on November 10 was 1.21 lakh shares, which marked a significant drop of 33.79% compared to the five-day average. Despite trading above its moving averages for various periods, the stock's liquidity remains adequate for trades of Rs 0.03 crore, based on 2% of the five-day average traded value. Overall, Silly Monks Entertainment Ltd's performance today reflects a challenging market environment, with notable declines in both stock price and investor participation.