Garware Technical Fibres Reaches All-Time High, Outperforms Sector and Sensex

Nov 19 2024 09:25 AM IST
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Garware Technical Fibres, a midcap textile company, has reached an all-time high in its stock price on November 19, 2024, currently trading at Rs 4679.95, only 1.32% away from its 52-week high. Despite a 'Hold' rating from MarketsMojo, the stock has outperformed the sector and is trading above its moving averages, showcasing strong growth potential in the textile industry.

Garware Technical Fibres, a midcap textile company, has recently reached an all-time high in its stock price on November 19, 2024. The stock is currently trading at Rs 4679.95, which is only 1.32% away from its 52-week high of Rs 4741.8. However, according to MarketsMOJO, the stock has been given a 'Hold' rating.

In terms of performance, Garware Technical Fibres has underperformed the sector by -0.72% today. The stock has also seen a trend reversal, falling after two consecutive days of gains. It is currently trading at the same price it opened at, with no significant range.

On a positive note, Garware Technical Fibres is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a strong performance and positive trend for the company.

In comparison to the Sensex, Garware Technical Fibres has shown a remarkable 1-year performance of 50.48%, while the Sensex has only seen a 18.27% increase. This showcases the company's strong growth and potential in the textile industry.

Overall, Garware Technical Fibres has shown a strong performance and is currently trading at a high price. Investors may want to keep an eye on the stock and consider their options carefully before making any decisions.
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