Zenith Steel Pipes Hits Lower Circuit Limit with Intraday Low of Rs 8.89

Zenith Steel Pipes & Industries Ltd, a microcap player in the Iron & Steel Products sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 9.00, reflecting a decline of Rs 0.36 or 3.85% from the previous close. The stock's performance was marked by a low price of Rs 8.89, which contributed to its circuit limit status.
During the trading session, Zenith Steel reached an intraday high of Rs 9.36, but ultimately closed lower. The total traded volume amounted to approximately 2.83 lakh shares, resulting in a turnover of Rs 0.26 crore. Notably, the stock outperformed its sector by 2.27% today, despite the overall decline.

Investor participation appears to be waning, with delivery volume dropping by 74.44% compared to the five-day average. The stock remains liquid enough for trades of Rs 0.01 crore, based on 2% of the five-day average traded value. Overall, Zenith Steel's performance today highlights the challenges it faces in maintaining investor interest amidst fluctuating market conditions.