Supreme Infrastructure India Ltd Hits Lower Circuit Limit, Closes at Rs 87.76
Supreme Infrastructure India Ltd, a microcap construction firm, faced significant trading activity today, hitting its lower circuit limit and closing at Rs 87.76. The stock experienced high volatility, with an intraday fluctuation of 7.89%, and underperformed its sector while trading below key moving averages.
Supreme Infrastructure India Ltd, a microcap player in the construction industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 87.76, reflecting a decline of 4.62 points or 5.0% from the previous session. This downturn comes after the stock opened with a notable gain of 3.92%, reaching an intraday high of Rs 96. However, it quickly reversed course, touching a low of Rs 87.76.The total traded volume for the day was approximately 0.24093 lakh shares, resulting in a turnover of Rs 0.214 crore. The stock's performance today underperformed its sector by 6.35%, while the broader market, represented by the Sensex, saw a modest gain of 0.34%.
Supreme Infrastructure is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock exhibited high volatility, with an intraday fluctuation of 7.89%. Despite the challenges faced today, the company remains a notable entity within the construction sector, with a market capitalization of Rs 238 crore. Overall, the trading session highlighted the stock's struggles amidst a volatile market environment.
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