Zuari Agro Chemicals Hits Lower Circuit Limit at Rs 272.8, Declines 5%

Zuari Agro Chemicals Ltd, a small-cap player in the fertilizers industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 272.8, reflecting a decline of Rs 14.35 or 5% from the previous trading session. This marks a continuation of a downward trend, as the stock has now fallen for two consecutive days, resulting in a total decline of 9.74% over this period.
During today's trading, Zuari Agro Chemicals reached an intraday low of Rs 272.8, with a high of Rs 291.95. The total traded volume was approximately 4.38 lakh shares, contributing to a turnover of Rs 12.25 crore. Notably, the stock underperformed its sector by 4.78%, while the broader market, represented by the Sensex, showed a slight increase of 0.03%.

In terms of moving averages, the stock is currently positioned above the 100-day and 200-day averages but below the 5-day, 20-day, and 50-day averages. The liquidity remains adequate, with delivery volume increasing by 33.5% compared to the 5-day average. Overall, Zuari Agro Chemicals' performance today reflects ongoing challenges within the market context.