Spacenet Enterprises India Ltd Hits Lower Circuit Limit with Intraday Low of Rs 8.61

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 8.78, reflecting a decline of Rs 0.29 or 3.2%. The stock's performance has been notably below sector averages, underperforming by 5.43% compared to its peers.
During the trading session, Spacenet reached an intraday high of Rs 9.1 and a low of Rs 8.61, indicating a price band of 5%. The total traded volume amounted to approximately 2.47 lakh shares, with a turnover of Rs 0.216 crore. Notably, the delivery volume on October 15 was recorded at zero, marking a 100% decrease against the five-day average, suggesting a significant drop in investor participation.

In terms of moving averages, the stock is currently above the 20-day, 50-day, and 100-day averages but below the 5-day and 200-day averages. With a market capitalization of Rs 497.04 crore, Spacenet remains a microcap entity in the market. Overall, the stock's performance today reflects a challenging trading environment, characterized by reduced liquidity and investor engagement.