Garware Hi Tech Films Faces Continued Volatility Amid Broader Market Declines

Jan 13 2025 02:15 PM IST
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Garware Hi Tech Films has faced significant volatility, experiencing a decline over four consecutive days and an overall drop of 18.17%. The stock has underperformed compared to the broader market, with a notable decrease over the past month, while the packaging sector also encounters challenges.
Garware Hi Tech Films has experienced notable volatility, with a decline of 5.99% on January 13, 2025. This marks the fourth consecutive day of losses, contributing to an overall drop of 18.17% during this period. The stock opened with a gap down of 5.2% and reached an intraday low of Rs 4025, reflecting a decrease of 5.92%.

In comparison to the broader market, Garware Hi Tech Films has underperformed, with its one-day performance trailing the Sensex, which fell by 1.24%. Over the past month, the stock has seen a significant decline of 20.63%, while the Sensex recorded a decrease of 6.96%.

From a technical perspective, the stock is currently positioned above the 200-day moving average but below the 5-day, 20-day, 50-day, and 100-day moving averages. The packaging sector overall has also faced challenges, with a decline of 3.74%.
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