Garware Hi Tech Films Shows Resilience with Significant Stock Rebound Amid Market Trends
Garware Hi Tech Films Ltd experienced a notable rebound, hitting its upper circuit limit with an intraday high of Rs 3,245.7 after three days of decline. The stock recorded a trading volume of 0.6163 lakh shares and demonstrated resilience, outperforming its sector despite a decline in delivery volume.
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 impressive intraday high of Rs 3,245.7, reflecting a notable change of Rs 154.5, or 5.0%. This performance marks a significant turnaround for the stock, which had experienced three consecutive days of decline prior to today.In terms of trading activity, Garware Hi Tech Films recorded a total traded volume of 0.6163 lakh shares, resulting in a turnover of approximately Rs 19.62 crore. The stock's performance today outpaced its sector by 3.07%, showcasing its resilience in a competitive market.
Despite the positive movement, the stock's delivery volume has seen a decline, with a reported drop of 61.84% compared to the five-day average. Additionally, while the stock is currently above its five-day moving averages, it remains below the longer-term averages of 20, 50, 100, and 200 days.
Overall, Garware Hi Tech Films Ltd's performance today highlights a significant rebound, with the stock's high price reflecting strong market activity.
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