Nava Ltd Sees Increased Trading Activity Amid Declining Investor Participation

Nava Ltd, a mid-cap player in the power industry, has emerged as one of the most active equities today, with a total traded volume of 7,328,839 shares and a total traded value of approximately Rs 41.54 crore. The stock opened at Rs 532.00 and reached an intraday high of Rs 579.00, reflecting a notable increase of 9.73% from its previous close of Rs 527.65. Currently, the last traded price stands at Rs 568.25.
In terms of performance, Nava has outperformed its sector by 8.51% today, marking a consecutive gain over the last two days with a total return of 9.11% during this period. The stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.

However, there has been a decline in investor participation, with delivery volume dropping by 33.99% compared to the 5-day average. Despite this, the stock remains liquid enough for trades of Rs 0.66 crore, based on 2% of the 5-day average traded value. Overall, Nava Ltd's performance today highlights its active trading status and resilience in the market.