Eternal Ltd Shows Significant Market Activity Amid Decreased Investor Participation

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active equities today, with a total traded volume of 40,469,657 shares and a total traded value of approximately Rs 123.38 lakhs. The stock opened at Rs 300.9, matching its previous close, and reached a day high of Rs 310.4 before settling at a last traded price of Rs 309.8.
Despite this activity, Eternal Ltd's performance today has underperformed its sector by 1.82%, with a 1D return of -1.03%. The stock is currently trading close to its 52-week high, just 2.46% away from Rs 314.45. Notably, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a generally positive trend in its price movement.

However, there has been a notable decline in investor participation, with delivery volume dropping by 49.62% compared to the 5-day average. The stock remains liquid enough for trades, with a liquidity level based on 2% of the 5-day average traded value amounting to Rs 63.25 crores. Overall, Eternal Ltd continues to show significant activity in the market, reflecting its large-cap status with a market capitalization of Rs 2,98,534.00 crores.