Tirupati Forge Ltd Faces Trading Challenges Amid Significant Market Activity
Tirupati Forge Ltd, a microcap in the Castings & Forgings sector, faced significant trading activity as its stock hit the lower circuit limit. The stock recorded a notable decline, with a total traded volume of approximately 1.88 lakh shares and a turnover of Rs 0.878 crore during the session.
Tirupati Forge Ltd, a microcap company in the Castings & Forgings industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 46.95, reflecting a decline of Rs 0.81, or 1.7%. The stock's performance was notably below the sector average, underperforming by 2.51%.During the trading session, Tirupati Forge reached an intraday high of Rs 49.5 and a low of Rs 45.37, indicating a price band of 5%. The total traded volume amounted to approximately 1.88 lakh shares, resulting in a turnover of Rs 0.878 crore.
In terms of moving averages, the stock is currently positioned higher than the 20-day, 50-day, 100-day, and 200-day moving averages, but lower than the 5-day moving average. The liquidity of the stock remains adequate, based on 2% of the 5-day average traded value, allowing for trades of Rs 0.02 crore.
Overall, Tirupati Forge Ltd's stock performance today reflects a challenging trading environment, marked by a notable decline and hitting its lower circuit limit.
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