Praxis Home Retail Hits Lower Circuit Limit with Intraday Low of Rs 12.98
Praxis Home Retail Ltd faced notable trading activity today, hitting its lower circuit limit with a last traded price of Rs 13.20. The stock has underperformed its sector and experienced a consecutive decline over the past two days. Investor participation decreased significantly, indicating ongoing market challenges.
Praxis Home Retail Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price was Rs 13.20, reflecting a decline of Rs 0.47 or 3.44% from the previous close. The stock's performance has been underwhelming, underperforming its sector by 3.81% and marking a consecutive fall over the last two days, with a total decline of 5.67% during this period.Today's trading saw the stock reach an intraday high of Rs 13.39 and a low of Rs 12.98, indicating a price band of 5%. The total traded volume was approximately 1.11 lakh shares, resulting in a turnover of Rs 0.1465 crore. Notably, investor participation has decreased, with delivery volume dropping by 47.05% compared to the five-day average.
In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages but remains below the 200-day average. Overall, Praxis Home Retail Ltd's performance today reflects ongoing challenges in the market, with liquidity remaining adequate for trading.
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