DMCC Speciality Chemicals Faces Increased Trading Activity Amid Ongoing Market Challenges
DMCC Speciality Chemicals Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 273.0 after a decline. The company has seen a significant drop over the past five days, underperforming its sector and trading below key moving averages.
DMCC Speciality Chemicals Ltd, a microcap player in the chemicals industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 273.0, reflecting a decline of Rs 8.1 or 2.88% from the previous close. The stock reached an intraday low of Rs 267.05, marking a 5% drop during the session.In terms of trading volume, DMCC Speciality Chemicals saw a total traded volume of 0.1633 lakh shares, resulting in a turnover of approximately Rs 0.442 crore. The stock has been on a downward trend, underperforming its sector by 3% and recording a consecutive decline over the past five days, with a total loss of 24.66% during this period.
The price band for the stock is set at 5%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Notably, the weighted average price indicates that more volume was traded closer to the low price. Overall, DMCC Speciality Chemicals continues to face challenges in the market, reflecting a broader trend of declining performance.
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