Silly Monks Entertainment Ltd Hits Lower Circuit Limit, Closes at Rs 24.88
Silly Monks Entertainment Ltd faced notable trading activity, hitting its lower circuit limit and closing at Rs 24.88, down from the previous session. The stock's performance lagged behind the sector, with a significant drop in delivery volume compared to the five-day average, indicating reduced investor participation.
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.
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