Garware Technical Fibres Faces Ongoing Challenges Amid Significant Stock Decline

Jan 28 2025 10:35 AM IST
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Garware Technical Fibres has faced a notable decline in stock performance, losing 5.12% on January 28, 2025. The stock has underperformed its sector over the past three days and is trading below key moving averages, reflecting ongoing challenges in the market compared to the broader index.
Garware Technical Fibres, a midcap player in the textile industry, has experienced a significant decline in its stock performance today, losing 5.12% as of January 28, 2025. The stock opened with a gap down of 3.7% and reached an intraday low of Rs 725.9, reflecting a drop of 5.54%. Over the past three days, Garware Technical Fibres has seen a cumulative decline of 10.19%, underperforming its sector, which has fallen by 2.09%.

In terms of moving averages, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend. The one-day performance of Garware Technical Fibres shows a decline of 5.91%, contrasting sharply with the Sensex, which has gained 0.52% during the same period. Over the past month, the stock has dropped by 22.46%, while the Sensex has only decreased by 3.74%. These metrics highlight the ongoing challenges faced by Garware Technical Fibres in the current market environment.
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