Spacenet Enterprises India Ltd Hits Lower Circuit Limit at Rs 9.51 Amid Decline

Spacenet Enterprises India Ltd, operating in the miscellaneous industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 9.51, reflecting a decline of Rs 0.51 or 5.09% from the previous close. The stock's performance today underperformed the sector, which saw a decline of 1.04%, and the broader Sensex, which fell by 0.25%.
The stock reached an intraday high of Rs 9.94 and a low of Rs 9.51, indicating a price band of 5%. Total traded volume amounted to approximately 5.49 lakh shares, resulting in a turnover of Rs 0.53 crore. In terms of moving averages, the stock is currently higher than the 50-day and 100-day averages but lower than the 5-day, 20-day, and 200-day averages.

With a market capitalization of Rs 548 crore, Spacenet Enterprises India Ltd remains classified as a microcap stock. Today's trading activity highlights the stock's volatility and its current position within the market. Overall, the stock's performance reflects a challenging day in the market, with notable declines impacting its trading metrics.