Praxis Home Retail Achieves Significant Trading Milestones Amidst Sector Resilience
Praxis Home Retail Ltd's stock reached an intraday high of Rs 10.4, hitting the upper circuit limit with a traded volume of approximately 3.55 lakh shares. The stock has shown resilience, outperforming its sector and maintaining higher values than its short-term moving averages, despite a decline in delivery volume.
Praxis Home Retail Ltd, a microcap player in the retailing industry, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 10.4. This performance comes amidst a total traded volume of approximately 3.55 lakh shares, contributing to a turnover of Rs 0.36 crore. The last traded price (LTP) was noted at Rs 9.8, reflecting a slight change of -0.11, or a decrease of 1.11%.In terms of performance metrics, Praxis Home Retail has outperformed its sector by 0.43% today. The stock has shown resilience, maintaining higher values than its 5-day and 20-day moving averages, although it remains below the longer-term averages of 50, 100, and 200 days. Notably, the stock has not experienced any consecutive falls, indicating stability in its recent performance.
Despite a decline in delivery volume, which has dropped by 22.12% compared to the 5-day average, the stock remains liquid enough for trading activities. Overall, Praxis Home Retail's performance today highlights its ability to reach significant trading milestones within the retail sector.
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