Praxis Home Retail Achieves Upper Circuit Limit Amid Surge in Investor Activity

May 16 2025 10:00 AM IST
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Praxis Home Retail Ltd has gained attention by reaching its upper circuit limit, with a notable increase in stock price. The trading day saw significant activity, with high volume and turnover. The stock has shown consistent gains over the past six days, reflecting strong market momentum and investor interest.
Praxis Home Retail Ltd, a microcap player in the retailing sector, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 11.08, reflecting a notable change of Rs 0.52, or 4.92%, from the previous trading session. This performance is particularly impressive as it outperformed its sector by 4.4%.

Throughout the trading day, Praxis Home Retail demonstrated robust activity, with a total traded volume of approximately 9.14 lakh shares and a turnover of Rs 1.01 crore. The stock has shown consistent gains over the past six days, accumulating a remarkable 19.14% return during this period.

In terms of moving averages, the stock is currently above its 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day averages. Additionally, investor participation has surged, with delivery volume on May 15 rising by 122.03% compared to the 5-day average.

Overall, Praxis Home Retail's performance today highlights its strong market position and positive momentum, marking a significant day for the company in the retailing industry.
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