Garware Hi Tech Films Experiences Notable Rebound Amid Broader Market Trends

Garware Hi Tech Films has shown significant activity today, gaining 6.17% as of April 8, 2025. This performance marks a notable trend reversal, as the stock has rebounded after five consecutive days of decline. It opened with a gain of 2.07% and reached an intraday high of Rs 2635.25, reflecting an increase of 8.22% at its peak.
Despite today's positive movement, Garware Hi Tech Films is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position. The stock has experienced high volatility today, with an intraday volatility of 22.3%, calculated from the weighted average price.

In the broader market context, the Sensex has continued its upward trajectory, rising 1.69% after a gap-up opening. However, it remains below its 50-day moving average, which is also trading below the 200-day moving average. Over the past week, Garware Hi Tech Films has underperformed compared to the Sensex, with a decline of 33.12% versus the index's 2.17% drop. Despite recent struggles, the stock has shown impressive long-term performance, with a 243.75% increase over the past three years.