Vadivarhe Speciality Chemicals Ltd Hits Lower Circuit Limit at Rs 22.50

Vadivarhe Speciality Chemicals Ltd, a microcap company in the Chemicals & Petrochemicals sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) stood at Rs 23.75, reflecting a decline of Rs 1.25 or 5.0% from the previous session. The stock's performance was notably aligned with the sector, but it has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
The intraday high matched the LTP at Rs 23.75, while the stock did not trade above this level, indicating a lack of upward momentum. The total traded volume reached 0.03 lakh shares, resulting in a turnover of Rs 0.007125 crore. Notably, the stock's low price was also Rs 23.75, marking a critical point in today's trading session.

Despite a rise in delivery volume by 81.82% compared to the 5-day average, the overall market sentiment reflected a cautious approach. In summary, Vadivarhe Speciality Chemicals Ltd's performance today underscores the challenges faced in the current trading environment, with the stock firmly positioned at its lower circuit limit.