Tijaria Polypipes Faces Trading Challenges Amid Significant Price Decline and Low Investor Activity
Tijaria Polypipes Ltd has faced notable trading activity, reaching its lower circuit limit with a last traded price of Rs 6.88. The stock's performance indicates a persistent downward trend, with a significant drop in share price and a sharp decline in investor participation compared to recent averages.
Tijaria Polypipes Ltd, operating in the Plastic Products - Industrial sector, has experienced significant trading activity today, hitting its lower circuit limit. The stock's last traded price (LTP) was recorded at Rs 6.88, reflecting a decline of Rs 0.05, or 0.72%. The stock reached an intraday low of Rs 6.58, which is noteworthy as it indicates a substantial drop in value.The total traded volume for Tijaria Polypipes today was approximately 0.34647 lakh shares, resulting in a turnover of Rs 0.02297 crore. The stock has underperformed its sector by 2.22%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a persistent downward trend.
Investor participation appears to be waning, with delivery volume plummeting by 90.92% compared to the 5-day average. The liquidity of the stock remains adequate for trading, based on 2% of the 5-day average traded value. Overall, Tijaria Polypipes Ltd's performance today reflects a challenging market position, marked by a significant drop in share price and reduced trading activity.
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