Vadivarhe Speciality Chemicals Hits Lower Circuit Limit at Rs 28.0 Amid Decline

Vadivarhe Speciality Chemicals Ltd, a microcap player in the Chemicals & Petrochemicals industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 28.0, reflecting a decline of Rs 1.45 or 4.92% from the previous close. The stock's performance was notably below sector averages, underperforming by 4.55%.
During the trading session, Vadivarhe reached an intraday high of Rs 30.0 and a low of Rs 28.0, with a total traded volume of 0.06 lakh shares, resulting in a turnover of Rs 0.0174 crore. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

Despite a rise in delivery volume, which increased by 100% against the 5-day average, the overall market sentiment remains cautious. The stock's liquidity is deemed sufficient for trading, based on 2% of the 5-day average traded value. In summary, Vadivarhe Speciality Chemicals Ltd's performance today reflects a challenging market environment, with the stock firmly positioned at its lower circuit limit.