SKM Egg Products Faces Trading Pressure Amid Broader Market Trends
SKM Egg Products Export (India) Ltd faced significant trading activity today, hitting its lower circuit limit and closing at Rs 354.4. The stock's performance lagged behind the sector, despite remaining above key moving averages. Trading volume was notable, with a substantial increase in delivery volume compared to recent averages.
SKM Egg Products Export (India) Ltd, operating in the FMCG sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 354.4, reflecting a decline of Rs 9.0 or 2.48%. It reached an intraday low of Rs 345.25, marking a drop of 4.99% from the previous close. The stock's performance today underperformed the sector, which saw a minor decline of 0.25%.The total traded volume for SKM Egg Products was approximately 0.31778 lakh shares, resulting in a turnover of Rs 1.1067 crore. The stock opened with a gap down of 2.31%, indicating a bearish sentiment at the start of the trading session. Despite the day's challenges, SKM Egg Products remains above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a longer-term upward trend.
In terms of liquidity, the stock has shown sufficient trading activity, with a delivery volume increase of 220.14% compared to the 5-day average. Overall, SKM Egg Products Export (India) Ltd's performance today reflects a notable shift, with the stock facing downward pressure amid broader market conditions.
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