Zuari Agro Chemicals Ltd Hits Lower Circuit Limit with Intraday Low of Rs 287.15

Zuari Agro Chemicals Ltd, a small-cap player in the fertilizers industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 291.65, reflecting a decline of Rs 10.6 or 3.51% from the previous close. The stock reached an intraday low of Rs 287.15, marking a 5% drop during the session.
Total traded volume amounted to approximately 3.89 lakh shares, resulting in a turnover of Rs 11.31 crore. The stock underperformed its sector by 2.85%, following a trend reversal after three consecutive days of gains. Notably, the weighted average price indicated that more volume was traded closer to the low price, suggesting a shift in market sentiment.

Despite the decline, Zuari Agro Chemicals remains above its 5-day, 100-day, and 200-day moving averages, although it is below its 20-day and 50-day moving averages. The stock's liquidity appears adequate for trading, with delivery volume rising significantly in recent sessions. Overall, the performance today reflects a challenging environment for Zuari Agro Chemicals amidst broader market trends.