Garware Technical Fibres Faces Continued Decline Amid Broader Market Challenges

Jan 13 2025 11:35 AM IST
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Garware Technical Fibres, a midcap textile firm, saw a significant decline on January 13, 2025, continuing a downward trend. The stock underperformed its sector and has experienced notable losses over the past week and month, trading below key moving averages, indicating a challenging market position.
Garware Technical Fibres, a midcap player in the textile industry, experienced a notable decline of 5.04% on January 13, 2025. This drop continues a downward trend, with the stock underperforming its sector by 3.07% and recording a total decline of 19.33% over the past week.

On the day of the decline, Garware Technical Fibres opened with a gap down of 2.88% and reached an intraday low of Rs 746.6, reflecting a decrease of 5.25%. The stock's performance for the day was down 5.22%, contrasting sharply with the Sensex, which fell by only 0.74%. Over the past month, Garware Technical Fibres has faced a significant decline of 18.82%, while the Sensex recorded a decrease of 6.48%.

Currently, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position for the company.
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