V2 Retail Hits Upper Circuit Limit, Signaling Strong Market Position in Garments Sector
V2 Retail Ltd has demonstrated significant market activity, reaching an intraday high and achieving a notable price change. The stock has outperformed its sector and has shown consistent gains over recent days. Trading volume indicates liquidity, while moving averages suggest strong performance relative to historical trends.
V2 Retail Ltd, a mid-cap player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit with an intraday high of Rs 1987.6, reflecting a 5% increase. The stock's last traded price stands at Rs 1987.6, marking a notable change of Rs 94.6. The stock has outperformed its sector by 4.53% and has been on a positive trajectory, gaining 6.08% over the last two days. Today's trading saw a total volume of approximately 0.64943 lakh shares, resulting in a turnover of Rs 12.75 crore. Despite a decline in delivery volume, which fell by 61.4% compared to the five-day average, V2 Retail remains liquid enough for trades of Rs 0.06 crore based on 2% of the five-day average traded value.
In terms of moving averages, V2 Retail is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong performance relative to its historical trends. Overall, V2 Retail's performance today underscores its robust market position within the garments sector.
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