Globale Tessile Ltd Hits Lower Circuit Limit with Day's Low at Rs 12.54

Globale Tessile Ltd, a microcap player in the Garments & Apparels industry, experienced significant trading activity today as the stock hit its lower circuit limit. The last traded price (LTP) was recorded at Rs 13.28, reflecting a decline of Rs 0.66 or 4.73% from the previous session. The stock's performance was marked by a low price of Rs 12.54, which contributed to its circuit limit status.
Throughout the trading session, Globale Tessile reached an intraday high of Rs 14.20, but ultimately closed lower. The total traded volume amounted to approximately 0.65806 lakh shares, resulting in a turnover of Rs 0.0869 crore. Notably, the stock outperformed its sector by 5.68%, despite the overall decline.

In terms of moving averages, the stock is currently positioned higher than the 50-day moving average but lower than the 5-day, 20-day, 100-day, and 200-day averages. Additionally, there was a notable increase in delivery volume, which surged by 1172.27% on September 25, indicating rising investor participation.

In summary, while Globale Tessile faced a challenging trading day with a lower circuit limit, the overall market dynamics and trading metrics present a complex picture of its current performance.