Praxis Home Retail Stock Surges Amid Declining Delivery Volume and Market Activity
Praxis Home Retail Ltd experienced notable trading activity today, reaching the upper circuit limit with a significant price increase. The stock outperformed its sector and the broader market, although its delivery volume declined sharply. Currently, it is above its five-day moving average but below longer-term averages.
Praxis Home Retail Ltd, a microcap player in the retailing industry, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 10.04, marking a notable increase of 4.91% or Rs 0.47 from the previous close. The trading session saw a total volume of approximately 2.39 lakh shares, contributing to a turnover of Rs 0.23 crore.The stock's performance today outpaced its sector, which recorded a 1D return of 3.41%, while the broader Sensex returned 1.79%. Despite this positive momentum, the stock's delivery volume has seen a decline, with a reported delivery volume of 58,750 shares on April 16, reflecting an 86.22% drop compared to the five-day average.
In terms of moving averages, Praxis Home Retail's stock is currently above its five-day moving average but below the longer-term averages of 20, 50, 100, and 200 days. Overall, the stock's performance today highlights its strong position within the market, showcasing resilience amid fluctuating investor participation.
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