Praxis Home Retail Demonstrates Strong Market Resilience Amid Sector Outperformance
Praxis Home Retail Ltd has demonstrated significant market activity, reaching its upper circuit limit with a notable trading volume of approximately 3.31 lakh shares. The stock has shown consistent gains over three days, outperforming its sector and maintaining a strong position despite a decline in delivery volume.
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 14.55. The stock experienced a positive change of 0.21, translating to a percentage increase of 1.52%. The last traded price (LTP) stood at 14.07, reflecting strong market interest.Throughout the trading session, the stock recorded a total traded volume of approximately 3.31 lakh shares, resulting in a turnover of around Rs 0.48 crore. Notably, Praxis Home Retail has outperformed its sector by 4.68%, marking a significant achievement. The stock has been on a positive trajectory, gaining for three consecutive days and accumulating a total return of 14.93% during this period.
In terms of moving averages, the stock is currently above the 5-day, 20-day, 50-day, and 100-day averages, although it remains below the 200-day average. Despite a decline in delivery volume, which fell by 71.2% against the 5-day average, the stock maintains sufficient liquidity for trading activities.
Overall, Praxis Home Retail's performance today highlights its strong market position and resilience within the garments and apparels sector.
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