Globale Tessile Ltd Hits Lower Circuit Limit with Low Price of 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 13.18, reflecting a decline of Rs 0.76 or 5.45% from the previous close. The stock's performance today underperformed the sector, which saw a minor decline of 0.18%.
The trading session revealed a low price of Rs 12.54, indicating a notable drop, while the intraday high reached Rs 14.20. Total traded volume stood at approximately 0.58862 lakh shares, resulting in a turnover of Rs 0.0778 crore. Over the past two days, Globale Tessile has faced consecutive losses, accumulating a total decline of 5.38%.

The stock has been trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a downward trend. Additionally, investor participation has waned, with delivery volume dropping significantly by 70.66% compared to the 5-day average. Overall, the stock's performance today reflects ongoing challenges within the market context.