Garware Hi Tech Films Faces Continued Volatility Amid Broader Market Declines

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%.