M K Proteins Ltd Faces Trading Challenges Amid Increased Delivery Volume and Market Trends
M K Proteins Ltd, a microcap in the solvent extraction sector, saw heightened trading activity as its stock reached the lower circuit limit. The stock's performance lagged behind the sector average, with notable declines over the past two days and increased delivery volume, indicating ongoing market challenges.
M K Proteins Ltd, a microcap company in the solvent extraction industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price (LTP) was recorded at Rs 6.45, reflecting a decline of Rs 0.18, or 2.71%, from the previous close. The stock's performance today was notably below the sector average, underperforming by 1.44%.The intraday trading saw a high of Rs 6.95 and a low of Rs 6.29, with a total traded volume of approximately 1.08 million shares, resulting in a turnover of Rs 0.071 crore. Over the past two days, M K Proteins has faced consecutive declines, accumulating a total drop of 4.93%.
In terms of moving averages, the stock is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day averages. Notably, delivery volume has increased, with 589,000 shares delivered on March 25, marking a rise of 48.43% compared to the 5-day average.
Overall, M K Proteins Ltd's stock has faced challenges today, reflecting broader market trends and company-specific dynamics.
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