Puravankara Ltd Faces Significant Trading Volatility Amid Broader Market Challenges

Puravankara Ltd, a mid-cap player in the realty sector, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 239.3, reflecting a notable decline of Rs 26.1 or 9.83% from the previous close. The stock opened with a gap down, starting the day at a loss of 3.91%.
During the trading session, Puravankara reached an intraday low of Rs 238.9, marking a decrease of 9.98%. The total traded volume was approximately 3.79 lakh shares, contributing to a turnover of around Rs 9.21 crore. The stock has shown high volatility today, with an intraday volatility of 6.32%, indicating fluctuating investor sentiment.

In terms of performance metrics, Puravankara underperformed its sector by 10.21%, and it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Despite a rise in delivery volume, which increased by 144.92% compared to the 5-day average, the overall market position remains challenging.

In summary, Puravankara Ltd's stock faced considerable downward pressure today, reflecting broader market trends and sector performance.