Filatex India Stock Hits Day Low of Rs 59.77 Amid Price Pressure
Filatex India, a small-cap company in the Garments & Apparels sector, has faced notable declines, marking its second consecutive day of losses. The stock has shown high volatility and underperformed its sector, while the broader market, represented by the Sensex, is experiencing a downturn despite nearing its 52-week high.
Filatex India, a small-cap player in the Garments & Apparels industry, has experienced a significant decline today, with the stock dropping by 7.33%. The stock reached an intraday low of Rs 59.77, reflecting a decrease of 7.38% during trading. This downturn marks the second consecutive day of losses for Filatex India, which has seen an overall decline of 8% in this period.In terms of market performance, Filatex India underperformed its sector by 6.21%. The stock exhibited high volatility today, with an intraday volatility rate of 6.06%. Despite this, it remains above its 20-day, 50-day, 100-day, and 200-day moving averages, although it is currently below its 5-day moving average.
The broader market context shows the Sensex trading negatively after a flat opening, down by 273.06 points to 83,243.63. While the Sensex is close to its 52-week high, Filatex India's recent performance contrasts with the index, which has shown resilience in the past month.
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