SKM Egg Products Stock Hits Lower Circuit Limit at Rs 287.3 Amid Decline

SKM Egg Products Export (India) Ltd, a microcap player in the FMCG sector, experienced significant trading activity today as the stock hit its lower circuit limit. The stock opened at a loss of 4.89%, reflecting a challenging market environment. It reached an intraday low of Rs 287.3, marking a decline of 4.99% from the previous close. The last traded price was Rs 305.7, with a change of 3.3, representing a percentage change of 1.09%.
Throughout the trading session, the stock saw a total traded volume of approximately 0.75331 lakh shares, resulting in a turnover of Rs 2.215 crore. Notably, the weighted average price indicated that more volume was traded closer to the low price, suggesting a shift in trading dynamics. Despite the day's challenges, the stock remains above its 100-day and 200-day moving averages, although it is below the 5-day, 20-day, and 50-day moving averages.

In summary, SKM Egg Products Export (India) Ltd's performance today reflects a notable downturn, with the stock hitting its lower circuit limit and trading activity concentrated around its low price. The overall market position remains under scrutiny as the stock navigates through current challenges.