Praxis Home Retail Achieves Upper Circuit Limit Amid Strong Market Momentum

Praxis Home Retail Ltd, operating in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit with a high price of Rs 12.82. The stock experienced a notable change of 0.61, reflecting a 5.0% increase in its value. This performance is particularly impressive as it outperformed its sector by 4.75%, contributing to a consecutive gain streak of nine days, during which the stock has risen by 37.85%.
The total traded volume today reached approximately 0.07357 lakh, with a turnover of Rs 0.0094 crore. Despite a significant drop in delivery volume, which fell by 97.14% compared to the five-day average, the stock remains liquid enough for trades of Rs 0.02 crore, based on 2% of the five-day average traded value.

In terms of moving averages, Praxis Home Retail's stock is currently above the 5-day, 20-day, and 50-day moving averages, although it remains below the 100-day and 200-day moving averages. Overall, the stock's performance today underscores its strong market position within the microcap segment, reflecting positive momentum in the garments and apparel sector.