Supreme Engineering Faces Trading Challenges Amidst Declining Stock Performance
Supreme Engineering Ltd, in the Iron & Steel Products sector, faced notable trading activity as its stock reached the lower circuit limit. The last traded price was Rs 1.58, reflecting a decline. The stock's performance has been inconsistent, with limited trading days and underperformance compared to sector averages.
Supreme Engineering Ltd, operating in the Iron & Steel Products industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 1.58, reflecting a decline of Rs 0.09 or 5.39% from the previous close. The stock's performance was notably below sector averages, underperforming by 5.31%.Today's trading saw a total volume of approximately 0.08889 lakh shares, resulting in a turnover of Rs 0.001404462 crore. The stock's price band was set at 5%, with the intraday low matching the last traded price of Rs 1.58. This price is also 2.53% away from its 52-week low of Rs 1.54, indicating a challenging market position.
Supreme Engineering has shown erratic trading patterns, with no activity on four out of the last twenty trading days. Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a lack of upward momentum. Overall, the stock's performance today highlights ongoing challenges within the market environment.
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