Globe Textiles (India) Ltd Achieves Upper Circuit Limit Amid Market Challenges

Jun 02 2025 03:00 PM IST
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Globe Textiles (India) Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, trading at Rs 2.52. The stock outperformed its sector amidst a challenging market, with significant trading volume and liquidity, reflecting its resilience and notable performance.
Globe Textiles (India) Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 2.52. The stock experienced a positive change of Rs 0.12, reflecting a 5.0% increase, and outperformed its sector, which recorded a 1D return of -0.47%.

The trading session saw a total volume of approximately 11.93 lakh shares, resulting in a turnover of Rs 0.29 crore. The stock's performance today indicates that it is trading above its 5-day and 20-day moving averages, although it remains below the 50-day, 100-day, and 200-day moving averages.

With a market capitalization of Rs 113.51 crore, Globe Textiles (India) Ltd continues to demonstrate liquidity, with trading activity based on 2% of the 5-day average traded value. Overall, the stock's performance today highlights its resilience in a challenging market environment, marking a notable achievement for the company.
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