Eternal Ltd Shows Strong Performance Amid Declining Investor Participation in E-Retail Sector

Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has emerged as one of the most active stocks today, with a total traded volume of 47,888,390 shares and a total traded value of approximately Rs 152.48 lakhs. The stock opened at Rs 313.95 and reached a day high of Rs 322.50, closing at Rs 321.35, marking a 1.71% increase for the day.
Eternal's performance has been noteworthy, as it is currently just 1.47% away from its 52-week high of Rs 331.35. Over the past two days, the stock has shown a consecutive gain, rising 4.01% during this period and outperforming its sector by 1.92%. Additionally, it is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, it is important to note a decline in investor participation, with delivery volume on September 1 falling by 59.11% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of up to Rs 78.92 crores, based on 2% of the 5-day average traded value. Overall, Eternal Ltd continues to demonstrate robust performance metrics within its industry.