V2 Retail Ltd Hits Lower Circuit Limit at Rs 2,329.1 Amid Declining Trend

V2 Retail Ltd, a small-cap player in the Garments & Apparels industry, experienced significant trading activity today, hitting its lower circuit limit. The stock closed at Rs 2,329.1, reflecting a decline of Rs 122.5 or 5.0%. This drop marks a continuation of a downward trend, with the stock having lost 6.67% over the past two days.
During today's trading session, V2 Retail reached an intraday low of Rs 2,329.1, which aligns with the stock's price band of 5%. The total traded volume was approximately 1.19 lakh shares, resulting in a turnover of Rs 27.86 crore. Notably, the stock opened with a gap down of 5%, indicating a bearish sentiment among investors.

Despite the current challenges, V2 Retail's performance metrics show that it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is below the 5-day moving average. Additionally, the delivery volume has seen a significant decline of 54.13% compared to the 5-day average, suggesting a decrease in investor participation.

In summary, V2 Retail Ltd's stock has faced notable pressure today, reflecting broader market trends and investor sentiment within the sector.