Shekhawati Industries Faces Trading Challenges Amid Declining Investor Engagement

Mar 24 2025 11:00 AM IST
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Shekhawati Industries Ltd, a microcap textile company, faced significant trading activity as its stock reached the lower circuit limit. The stock's performance lagged behind sector benchmarks, with reduced investor participation and a notable decline in delivery volume, indicating a challenging trading environment for the company.
Shekhawati Industries Ltd, a microcap player in the textile industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was recorded at Rs 23.78, reflecting a decline of Rs 0.60 or 2.46% from the previous close. The stock's performance today was notably below sector benchmarks, underperforming by 5.43%.

The intraday trading saw a high of Rs 24.42 and a low of Rs 23.16, with a total traded volume of approximately 0.08682 lakh shares, resulting in a turnover of Rs 0.0205 crore. The stock's price band was set at 5%, indicating limited movement within this range.

In terms of moving averages, Shekhawati Industries is currently positioned higher than its 5-day and 200-day averages but lower than its 20-day, 50-day, and 100-day averages. Additionally, investor participation has shown signs of decline, with delivery volume dropping by 18.01% compared to the 5-day average.

Overall, Shekhawati Industries Ltd's performance today reflects a challenging trading environment, marked by a notable decrease in stock value and reduced investor engagement.
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