Garware Technical Fibres Faces Continued Decline Amid Broader Market Challenges
Garware Technical Fibres has seen a significant decline in its stock price, falling for three consecutive days and underperforming the textile sector. Currently trading below key moving averages, the stock has also recorded a slight decrease over the past month, reflecting ongoing market challenges.
Garware Technical Fibres, a midcap player in the textile industry, has experienced a notable decline today, with shares dropping by 5.13% on February 11, 2025. This performance marks a continuation of a downward trend, as the stock has now fallen for three consecutive days, accumulating a total decline of 7.11% during this period.In today's trading session, Garware Technical Fibres underperformed the sector, which itself saw a decrease of 2.6%. The stock reached an intraday low of Rs 780, reflecting a drop of 5.62% at its lowest point. Additionally, Garware Technical Fibres is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a challenging market position.
Over the past month, the stock has recorded a slight decline of 0.98%, while the broader Sensex index has shown a marginal decrease of 0.61%. This performance highlights the ongoing challenges faced by Garware Technical Fibres within the current market landscape.
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