Spacenet Enterprises India Ltd Hits Lower Circuit Limit at Rs 9.19 Amid Decline
Spacenet Enterprises India Ltd faced significant trading activity today, reaching its lower circuit limit and closing at Rs 9.19, down from the previous session. The stock's intraday range was Rs 9.54 to Rs 9.19, with a total volume of approximately 5.74 lakh shares traded.
Spacenet Enterprises India Ltd, operating in the miscellaneous industry, has experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 9.19, reflecting a decline of Rs 0.49 or 5.06% from the previous session. The stock's performance today underperformed its sector, which saw a minimal decline of 0.04%.During the trading session, Spacenet reached an intraday high of Rs 9.54 and a low of Rs 9.19, indicating a price band of 5%. The total traded volume was approximately 5.74 lakh shares, resulting in a turnover of Rs 0.53 crore.
In terms of moving averages, the stock is currently above its 50-day and 100-day averages but below its 5-day, 20-day, and 200-day averages. The liquidity of the stock remains adequate, with trading activity based on 2% of the 5-day average traded value.
Overall, Spacenet Enterprises India Ltd's performance today highlights a challenging trading environment, marked by its lower circuit limit and notable declines in value.
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