Tijaria Polypipes Faces Trading Challenges Amid Declining Investor Participation and Performance
Tijaria Polypipes Ltd has faced notable trading challenges, hitting its lower circuit limit at Rs 8.92, marking a decline over three consecutive days. The stock underperformed its sector, with reduced investor participation and a significant drop in delivery volume, despite maintaining adequate liquidity for trading.
Tijaria Polypipes Ltd, operating in the Plastic Products - Industrial sector, has experienced significant trading activity today, hitting its lower circuit limit with a last traded price of Rs 8.92. This marks a decline of Rs 0.47, or 5.01%, reflecting a broader trend of underperformance as the stock has fallen consecutively over the past three days, accumulating a total decline of 13.95% during this period.The stock's performance today has been notably weaker than its sector, underperforming by 4.81%. The intraday high reached Rs 9.13, while the low was recorded at Rs 8.92, indicating a tight trading range. Total traded volume stood at 0.4151 lakh shares, with a turnover of Rs 0.0372 crore.
In terms of moving averages, Tijaria Polypipes is currently positioned higher than the 20-day, 50-day, and 100-day averages, but lower than the 5-day and 200-day averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 62.94% compared to the 5-day average.
Overall, Tijaria Polypipes Ltd's performance today reflects ongoing challenges, with the stock's liquidity remaining adequate for trading activities.
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