V2 Retail Faces Trading Challenges Amid Significant Stock Decline and Low Volume

V2 Retail Ltd, a mid-cap player in the Garments & Apparels industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price stood at Rs 1765.1, reflecting a notable decline of Rs 92.9, or 5.0%. The stock opened with a gap down, starting the day at the same price of Rs 1765.1, and reached an intraday low of Rs 1765.1, indicating a lack of upward movement throughout the trading session.
Total traded volume for the day was approximately 0.21455 lakh shares, resulting in a turnover of Rs 3.79 crore. V2 Retail has underperformed its sector, with a 1D return of -5.00%, compared to a sector return of 0.50%. The stock has been on a downward trend, having lost 9.75% over the last two days.

Despite being above the 200-day moving averages, V2 Retail's performance has been weaker than its shorter-term moving averages. The liquidity remains adequate, with a delivery volume that has seen a significant increase in recent trading sessions. Overall, V2 Retail's performance today reflects ongoing challenges in the market.