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Praxis Home Retail Ltd. ( (IN:PRAXIS) ) just unveiled an announcement.
Praxis Home Retail Limited has shut down operations at two underperforming stores in Gachibowli, Hyderabad, and Rajarhat, Kolkata, citing operational unviability; these outlets contributed 2.66% and 7.48% respectively to the company’s FY25 revenue, and management said it is actively exploring alternative strategic locations to strengthen its retail network and competitive position. Separately, the company disclosed that BSE has levied a fine of Rs 3.6 lakh for a delayed submission of listing approval related to equity shares issued on warrant conversion, with Praxis characterizing the lapse as inadvertent while signaling ongoing attention to regulatory compliance.
More about Praxis Home Retail Ltd.
Praxis Home Retail Limited operates in the home retail sector, running large-format stores that sell home improvement and lifestyle products to consumers across India. The company focuses on building a competitive store footprint in strategic locations to enhance market segmentation, visibility and overall customer reach.
Average Trading Volume: 11,950
Technical Sentiment Signal: Sell
Current Market Cap: 1.74B INR
For detailed information about PRAXIS stock, go to TipRanks’ Stock Analysis page.