Garware Hi Tech Films Shows Resilience Amid Market Fluctuations and Investor Activity Changes

May 05 2025 10:00 AM IST
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Garware Hi Tech Films Ltd experienced notable trading activity, reaching its upper circuit limit and an intraday high after a trend reversal. The stock's performance today indicates a positive shift in market sentiment, despite a decline in investor participation and mixed positioning relative to moving averages.
Garware Hi Tech Films Ltd, a mid-cap player in the packaging industry, has shown significant activity today as the stock hit its upper circuit limit. The stock reached an intraday high of Rs 3,316, reflecting a 5% increase from its previous trading session. This upward movement comes after a trend reversal, as the stock gained following three consecutive days of decline.

The last traded price (LTP) was Rs 3,177.7, with a notable change of Rs 19.6, translating to a 0.62% increase. The total traded volume for the day was approximately 0.416 million shares, resulting in a turnover of Rs 13.57 crore.

In terms of performance metrics, Garware Hi Tech Films outperformed its sector by 3.96%. While the stock is currently above its 20-day moving averages, it remains below the 5-day, 50-day, 100-day, and 200-day moving averages. Additionally, investor participation has seen a decline, with delivery volume dropping by 45.08% compared to the 5-day average.

Overall, Garware Hi Tech Films Ltd's performance today highlights a positive shift in market sentiment, with the stock demonstrating resilience in a fluctuating environment.
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