Thomas Scott India Ltd Faces Trading Challenges Amid Declining Investor Participation
Thomas Scott India Ltd, a microcap in the Garments & Apparels sector, faced notable trading activity as its stock reached the lower circuit limit. The stock opened at Rs 364.00, with minimal price movement and a decline in trading volume, indicating reduced investor participation and ongoing challenges in the market.
Thomas Scott India Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 364.00, reflecting a decline of Rs 19.15 or 5.0% from the previous session. The stock opened with a gap down, starting the day at Rs 364.00 and subsequently reaching an intraday low of the same price, indicating a lack of price movement throughout the trading session.In terms of trading volume, approximately 0.05424 lakh shares were exchanged, resulting in a turnover of Rs 0.197 crore. The stock has underperformed its sector by 4.45% and has seen a consecutive decline over the last two days, accumulating a total drop of 9.74% during this period. Notably, the delivery volume has decreased by 7.33% compared to the five-day average, suggesting a decline in investor participation.
Despite trading above its moving averages for various time frames, the overall performance today highlights the challenges faced by Thomas Scott India Ltd in the current market environment.
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