Garware Technical Fibres Hits 52-Week High, Outperforms Sector with Strong Performance

Sep 20 2024 10:35 AM IST
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Garware Technical Fibres, a midcap textile company, has hit a 52-week high on September 20, 2024. With a 'Hold' call from MarketsMojo, the stock has outperformed the sector by 6.34% and has seen a consecutive gain for the last two days. It is currently trading higher than its moving averages, showing a positive trend.

Garware Technical Fibres, a midcap textile company, has recently hit a 52-week high on September 20, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO. Today, the stock has outperformed the sector by 6.34% and has seen a consecutive gain for the last two days, with a rise of 14.86% in returns during this period. The day's high for the stock was Rs. 4319, which is an increase of 8.19%.

Garware Technical Fibres is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the market. In the past year, the company has shown a strong performance with a 34.97% increase, compared to the Sensex's performance of 25.34%.

As a midcap company in the textile industry, Garware Technical Fibres has shown promising growth and potential in the market. With its recent 52-week high and positive performance, the company is worth keeping an eye on for potential investors.
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