Vadivarhe Speciality Chemicals Hits Lower Circuit Limit, Closes at Rs 24.35
Vadivarhe Speciality Chemicals Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 24.35. The stock's performance lagged behind sector benchmarks, with a significant drop in investor participation and delivery volume, indicating a challenging market position amid persistent downward trends.
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 24.35, reflecting a decline of Rs 1.25 or 4.88% from the previous close. The stock's performance was notably below sector benchmarks, underperforming by 5.69%.The trading session saw a total volume of 0.03 lakh shares, resulting in a turnover of Rs 0.007305 crore. The stock reached an intraday high of Rs 24.35, which coincided with its low price for the day, indicating a lack of upward movement. Furthermore, Vadivarhe Speciality Chemicals 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 has also waned, with delivery volume dropping by 73.68% compared to the 5-day average. Overall, the stock's performance today reflects a challenging market position, with liquidity remaining adequate for trading activities.
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