Spacenet Enterprises Hits Lower Circuit Limit, Closes at Rs 9.03 After 5.05% Decline
Spacenet Enterprises India Ltd faced notable trading activity today, hitting its lower circuit limit and closing at Rs 9.03, down from the previous session. The stock underperformed its sector and the broader market, with a total traded volume of approximately 0.88836 lakh shares and a market capitalization of Rs 511.19 crore.
Spacenet Enterprises India Ltd, operating in the miscellaneous sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 9.03, reflecting a decline of Rs 0.48 or 5.05% from the previous session. The stock's performance has notably underperformed its sector, which saw a 1D return of -1.21%, while the broader Sensex declined by 0.65%.During the trading session, Spacenet reached an intraday high of Rs 9.30 and a low of Rs 9.03, indicating a price band of 5%. The total traded volume was approximately 0.88836 lakh shares, resulting in a turnover of Rs 0.0803 crore.
In terms of moving averages, the stock is currently positioned higher than its 50-day and 100-day averages but lower than its 5-day, 20-day, and 200-day averages. The market capitalization stands at Rs 511.19 crore, categorizing it as a microcap stock.
Overall, Spacenet Enterprises India Ltd's performance today highlights a challenging trading environment, with the stock facing downward pressure amid broader market trends.
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