Garware Technical Fibres Stock Sees -5.23% Decline, Outperforms Market Amid Textile Sector Downturn

Garware Technical Fibres, a midcap textile company, saw a decline of -5.23% in its stock price on October 25, 2024. This underperformance was reflected in the stock's day's low of Rs 3832.2, which was -5.31% lower than the previous day's closing price.

According to MarketsMOJO, a leading stock analysis platform, the stock's current call is 'Hold'. This means that investors should hold onto their existing positions in the company's stock and not make any new investments.

In terms of price performance, Garware Technical Fibres has underperformed the textile sector by -3.32% on the day. The stock's moving averages are currently higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

The textile sector as a whole has fallen by -2.36%, indicating a general decline in the industry. However, Garware Technical Fibres' 1-day performance of -5.23% is still better than the Sensex's performance of -0.78%. Over the past month, the company's stock has seen a decline of -5.65%, while the Sensex has seen a decline of -6.73%.

Overall, Garware Technical Fibres' stock has seen a decline in its performance, but it is still outperforming the market. Investors should keep an eye on the company's stock and monitor its performance in the coming days.