Garware Technical Fibres Sees Surge in Investor Participation Amid Market Fluctuations
Garware Technical Fibres Ltd experienced significant trading activity today, reaching its upper circuit limit after a volatile session. The stock saw a notable increase in investor participation, with delivery volume rising sharply. It is currently trading above key moving averages, indicating a positive trend despite earlier losses.
Garware Technical Fibres Ltd, a mid-cap player in the textile industry, has made headlines today by hitting its upper circuit limit. The stock reached a high price of Rs 985.55, reflecting a notable change of Rs 88.5, or 10.78%, from its previous close. Despite opening the day with a loss of 4.66% and touching an intraday low of Rs 856.65, the stock's performance improved significantly throughout the trading session.The total traded volume for Garware Technical Fibres was approximately 5.69 lakh shares, resulting in a turnover of Rs 53.00 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance metrics.
While the stock underperformed its sector by 8.68% today, it has seen a substantial increase in investor participation, with delivery volume rising by 295.31% compared to the 5-day average. Overall, Garware Technical Fibres Ltd's performance today highlights its resilience in the market, despite the fluctuations experienced earlier in the trading session.
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