Vadivarhe Speciality Chemicals Hits Lower Circuit Limit at Rs 23.15 Amid Decline
Vadivarhe Speciality Chemicals Ltd faced notable trading activity, reaching its lower circuit limit and closing at Rs 23.15, down from the previous session. The stock underperformed compared to sector averages, with a significant drop in delivery volume and trading below key moving averages, indicating a challenging market position.
Vadivarhe Speciality Chemicals Ltd, a microcap company in the Chemicals & Petrochemicals sector, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at a last traded price of Rs 23.15, reflecting a decline of Rs 1.2 or 4.93% from the previous session. The stock's performance was notably below the sector average, underperforming by 6.21%.During the trading session, Vadivarhe reached an intraday high of Rs 25.0 and a low of Rs 23.15, indicating a price band of 5%. The total traded volume was recorded at 0.24 lakh shares, with a turnover of Rs 0.058584 crore. Additionally, the stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend in its performance.
Investor participation has also seen a decline, with delivery volume dropping by 66.67% compared to the 5-day average. Overall, Vadivarhe Speciality Chemicals Ltd's performance today reflects a challenging market position, with liquidity sufficient for trading activities.
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