Garware Hi Tech Films Stock Surges Amid Declining Investor Participation and Strong Market Position

Apr 24 2025 12:00 PM IST
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Garware Hi Tech Films Ltd's stock reached an intraday high of Rs 3407.9, marking a notable performance in the packaging industry. The total traded volume was around 1.00189 lakh shares, with a turnover of Rs 33.52 crore. Despite this, investor participation declined significantly compared to recent averages.
Garware Hi Tech Films Ltd, a mid-cap player in the packaging industry, has made headlines today as its stock hit the upper circuit limit, reaching an intraday high of Rs 3407.9. This marks a significant change of Rs 162.2, translating to a 5% increase. The stock has shown strong performance, outperforming its sector by 3.02% and achieving a notable 10.25% gain over the past two days.

The total traded volume for the day stood at approximately 1.00189 lakh shares, contributing to a turnover of Rs 33.52 crore. Despite the positive momentum, there has been a decline in investor participation, with delivery volume dropping by 38.68% compared to the five-day average.

In terms of moving averages, Garware Hi Tech Films' stock is currently above its 5-day and 20-day averages, although it remains below the 50-day, 100-day, and 200-day moving averages. Overall, the stock's performance today reflects a robust upward trend, highlighting its strong market position within the packaging sector.
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