Supreme Engineering Ltd Hits Lower Circuit Limit, Trading at Rs. 0.81
Supreme Engineering Ltd, a microcap in the Iron & Steel Products sector, faced notable trading activity, hitting its lower circuit limit and closing at a new 52-week low. The stock's performance lagged behind its sector, with erratic trading patterns and a decline in moving averages indicating ongoing market challenges.
Supreme Engineering Ltd, a microcap company in the Iron & Steel Products industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs. 0.81, reflecting a decrease of Rs. 0.05 or 5.81% from the previous trading session. This decline marks a new 52-week low for the company.The stock's performance today underperformed its sector, which saw a modest decline of 0.85%. Supreme Engineering's trading volume reached approximately 0.8663 lakh shares, resulting in a turnover of Rs. 0.00701703 crore. Notably, the stock has shown erratic trading patterns, having not traded on four out of the last twenty days.
In terms of moving averages, Supreme Engineering is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a challenging market position. The liquidity of the stock remains adequate for trades sized at Rs. 0 crore, based on 2% of the 5-day average traded value.
Overall, Supreme Engineering Ltd's performance today reflects ongoing challenges within the market, as evidenced by its significant drop and the new low reached.
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