V2 Retail Faces Increased Selling Pressure Amid Declining Investor Participation

V2 Retail Ltd, a mid-cap player in the retailing industry, experienced significant trading activity today as its stock hit the lower circuit limit. The last traded price stood at Rs 1,746.5, reflecting a decline of Rs 91.9 or 5% from the previous close. The stock reached an intraday low of Rs 1,746.5, marking a notable drop as it has been on a downward trajectory for the past four days, accumulating a total decline of 8.61% during this period.
The stock's performance today underperformed its sector by 6.9%, with a total traded volume of approximately 0.4489 lakh shares and a turnover of Rs 7.87 crore. Notably, the weighted average price indicated that more volume was traded closer to the low price, suggesting a lack of upward momentum.

Despite being above the 50-day, 100-day, and 200-day moving averages, V2 Retail's stock is currently below its 5-day and 20-day moving averages. Additionally, investor participation has waned, with delivery volume dropping by 58.01% compared to the 5-day average. Overall, V2 Retail's stock performance today reflects ongoing challenges in the market environment.