Garware Hi Tech Films Hits Upper Circuit, Showcases Resilience Amid Mixed Trends

Apr 11 2025 10:00 AM IST
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Garware Hi Tech Films Ltd experienced significant trading activity, reaching an intraday high and hitting its upper circuit limit. The stock's performance outpaced the sector, despite trading below key moving averages. Investor participation declined, yet the stock maintained sufficient liquidity for trading, reflecting its resilience in the market.
Garware Hi Tech Films Ltd, a mid-cap player in the packaging industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 2649.75, reflecting a significant change of Rs 240.85, or 10%. This performance outpaced the sector, which saw a gain of 4.25%, highlighting Garware's strong market position.

The stock opened with a notable gap up, trading consistently at Rs 2649.75 throughout the day. Total traded volume stood at approximately 0.15731 lakh shares, contributing to a turnover of around Rs 4.17 crore. Despite this 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 mixed performance in the context of longer-term trends.

Investor participation has seen a decline, with delivery volume dropping by 69.27% compared to the 5-day average. Nevertheless, the stock remains liquid enough for trades of Rs 2.74 crore based on 2% of the 5-day average traded value. Overall, Garware Hi Tech Films Ltd's performance today underscores its resilience in a competitive market environment.
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