Hi-Tech Gears Faces Increased Trading Activity Amid Broader Market Declines
Hi-Tech Gears Ltd, a small-cap auto ancillary company, faced notable trading activity today, hitting a lower circuit. The stock opened higher but quickly declined, trading near its intraday low. Despite a bearish trend indicated by moving averages, delivery volume increased compared to recent averages. The company's market cap is Rs 1,155.05 crore.
The Hi-Tech Gears Ltd, a small-cap player in the auto ancillary sector, has experienced significant trading activity today, hitting a lower circuit. The stock's last traded price stands at Rs 608.0, reflecting a decline of Rs 31.7 or 4.96%. The stock opened with a gap up, initially gaining 3.69% before reaching an intraday high of Rs 639.75. However, it quickly reversed course, trading close to its low of Rs 607.75.Over the course of the day, the total traded volume reached approximately 0.04378 lakh shares, resulting in a turnover of Rs 0.27386579 crore. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite this, there has been a noted increase in delivery volume, which rose by 5.26% compared to the 5-day average.
The Hi-Tech Gears Ltd has a market capitalization of Rs 1,155.05 crore, with a year high of Rs 1280.45 and a year low of Rs 440.0. The performance today aligns closely with sector trends, as the sector and broader market indices also reported slight declines.
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