Ginni Filaments Hits Upper Circuit Limit Amid Declining Investor Participation
Ginni Filaments Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, with significant trading activity. The stock is performing well above key moving averages and is nearing its 52-week high, despite a decline in investor participation.
Ginni Filaments Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 39.29, reflecting a 5% increase from its previous trading session. The last traded price was Rs 39.00, marking an absolute change of Rs 1.58, which corresponds to a percentage change of 4.22%.In terms of trading volume, Ginni Filaments recorded a total traded volume of approximately 2.31 lakh shares, resulting in a turnover of around Rs 0.89 crore. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong performance relative to these benchmarks.
Notably, Ginni Filaments is just 2.53% away from its 52-week high of Rs 40.09, outperforming its sector by 2.78% today. However, it is worth mentioning that investor participation has seen a decline, with delivery volume dropping significantly compared to the 5-day average.
Overall, Ginni Filaments Ltd has demonstrated robust performance today, reflecting positive momentum in the market.
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