Praxis Home Retail Faces Trading Challenges Amid Declining Investor Participation
Praxis Home Retail Ltd faced notable trading activity as its stock hit the lower circuit limit, closing at Rs 12.55. The stock underperformed relative to sector averages and has been on a downward trend for three consecutive days. Investor participation also decreased significantly during the session.
Praxis Home Retail Ltd, operating in the Garments & Apparels sector, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was recorded at Rs 12.55, reflecting a decline of Rs 0.46 or 3.54% from the previous close. The stock's performance was notably below sector averages, underperforming by 1.43%.During the trading session, Praxis Home Retail reached an intraday high of Rs 12.88 and a low of Rs 12.35. The total traded volume amounted to approximately 2.99 lakh shares, resulting in a turnover of Rs 0.375 crore. The stock has been on a downward trend, having fallen consecutively for three days, with a total decline of 9.34% over this period.
In terms of moving averages, the stock is currently above the 20-day and 50-day averages but below the 5-day, 100-day, and 200-day averages. Additionally, investor participation has decreased, with delivery volume dropping by 71.41% compared to the 5-day average. Overall, Praxis Home Retail's performance today highlights ongoing challenges within the market context.
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