Globe Textiles Stock Hits Upper Circuit Limit with Intraday High of Rs 3.07
Globe Textiles (India) Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, with a notable trading volume of approximately 18.01 lakh shares. The stock demonstrated strong performance, trading above multiple moving averages, indicating a robust upward trend despite a decline in delivery volume.
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 3.07. The stock experienced a notable change of Rs 0.22, reflecting an increase of 8.59%. The last traded price stood at Rs 2.78, indicating strong performance relative to its sector.The stock's trading volume reached approximately 18.01 lakh shares, with a turnover of Rs 0.50 crore. Despite a decline in delivery volume, which fell by 74.83% compared to the five-day average, Globe Textiles outperformed its sector by 9.62%. It is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, showcasing a robust upward trend.
The stock's price band is set at 20%, allowing for significant movement within the trading session. Overall, Globe Textiles (India) Ltd's performance today highlights its strong market position and resilience in the face of fluctuating investor participation, marking a noteworthy day for the company.
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