Filatex Fashions Ltd Achieves Upper Circuit Limit Amidst Strong Trading Activity

Filatex Fashions Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today as its stock hit the upper circuit limit. The stock reached a high price of Rs 0.51, reflecting a positive change of Rs 0.01, or 2.04%, from its last traded price of Rs 0.50. This performance outpaced the sector's return of 1.16% and the broader market's Sensex return of 0.20%.
The stock's trading volume was notable, with a total of approximately 70.93 lakh shares exchanged, resulting in a turnover of Rs 0.35 crore. The price band for the day was set at 5%, indicating a robust trading environment. Despite a decline in delivery volume, which fell by 36.37% compared to the five-day average, Filatex Fashions maintained a liquidity level sufficient for trades of Rs 0.02 crore.

In terms of moving averages, the stock is currently above its 20-day moving average but below the 5-day, 50-day, 100-day, and 200-day averages. Overall, Filatex Fashions Ltd's performance today highlights its resilience in the market, reflecting a strong position within its industry.