Tijaria Polypipes Hits New Low Amid Declining Investor Participation and Market Challenges
Tijaria Polypipes Ltd, a microcap in the plastic products sector, faced significant trading activity as its stock reached a new 52-week low of Rs. 4.88. Investor participation declined notably, with delivery volume dropping significantly. The stock struggled to maintain upward momentum, trading below key moving averages.
Tijaria Polypipes Ltd, a microcap player in the plastic products industry, has experienced significant activity today as its stock hit the lower circuit limit, closing at a low price of Rs. 4.88. This marks a new 52-week low for the company, which has seen a notable decline in investor participation, with delivery volume dropping by 64.82% compared to the five-day average.The stock's last traded price was Rs. 5.14, with no change recorded, reflecting a price band of 5%. The intraday high reached Rs. 5.14, while the low price of Rs. 4.88 indicates the stock's struggle to maintain upward momentum. Tijaria Polypipes has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a challenging market position.
Despite today's performance, Tijaria Polypipes outperformed its sector, which recorded a 1D return of -0.62%, while the Sensex fell by 1.16%. The total traded volume was approximately 0.08971 lakh, with a turnover of Rs. 0.004467558 crore. Overall, Tijaria Polypipes' performance today highlights ongoing challenges within the market landscape.
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