V2 Retail Ltd Hits Upper Circuit Limit Amid Declining Investor Participation
V2 Retail Ltd has seen significant trading activity, reaching its upper circuit limit with an intraday high of Rs 1863.7. The stock has outperformed its sector and achieved consecutive gains over two days. However, investor participation has notably declined, despite positive price movement across various moving averages.
V2 Retail Ltd, a mid-cap player in the retailing industry, has experienced significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 1863.7, reflecting a notable increase of 2.4% during the trading session. The last traded price stands at Rs 1820.1, marking an absolute change of Rs 86.6, which corresponds to a 5% increase.The stock has shown strong performance, outperforming its sector by 1.18% and achieving a consecutive gain over the last two days, with a total return of 7.28% in this period. V2 Retail's trading volume today was approximately 0.42436 lakh shares, resulting in a turnover of Rs 7.65 crore.
In terms of price movement, V2 Retail is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. However, there has been a notable decline in investor participation, with delivery volume dropping by 85.36% compared to the 5-day average.
Overall, V2 Retail Ltd's performance today highlights its strong market position and positive momentum within the retail sector.
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