Eternal Ltd Sees High Trading Volume Amid Declining Investor Participation
Eternal Ltd, a key player in the E-Retail and E-Commerce sector, has experienced significant trading activity, with nearly 9.8 million shares traded today. Despite a decline in investor participation, the stock has shown consecutive gains and remains liquid, reflecting its resilience in a competitive market.
Eternal Ltd, a prominent player in the E-Retail and E-Commerce sector, has shown significant trading activity today, making it one of the most active equities by volume. The stock, trading under the symbol ETERNAL, recorded a total traded volume of 9,784,590 shares, with a total traded value of approximately Rs 245.52 crores. Opening at Rs 247.99, Eternal reached an intraday high of Rs 254.80, reflecting a 2.57% increase from its previous close of Rs 248.41. Currently, the last traded price stands at Rs 251.31, marking a 1.16% gain for the day, while the stock has outperformed its sector by 2.28%. Over the past two days, Eternal has shown a consecutive gain, rising 1.72% during this period.
Despite this positive performance, there has been a notable decline in investor participation, with delivery volume on June 18 dropping by 42.35% compared to the five-day average. However, the stock remains liquid enough for trades up to Rs 12.45 crores, based on 2% of the five-day average traded value. Overall, Eternal Ltd continues to demonstrate resilience in a competitive market landscape.
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