GTPL Hathway Shows Signs of Recovery Amidst Mixed Performance Trends

Jan 20 2025 10:20 AM IST
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GTPL Hathway experienced a notable gain on January 20, 2025, reversing a two-day decline and outperforming its sector. The stock opened higher and reached an intraday peak. While it is above its 5-day moving average, it remains below longer-term averages, and the company offers a high dividend yield.
GTPL Hathway, a small-cap player in the TV broadcasting and software industry, saw a significant gain of 7.22% on January 20, 2025, outperforming its sector by 5.62%. This uptick marks a trend reversal following two days of decline. The stock opened with a 2.18% increase and reached an intraday high of Rs 125.35, reflecting a 5.2% rise.

In terms of moving averages, GTPL Hathway's stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. The company boasts a high dividend yield of 3.36% at the current price.

Short-term performance indicates a notable increase of 9.90% over one day, contrasting with the Sensex's modest gain of 0.28%. However, the stock has experienced a decline of 6.16% over the past month, while the Sensex decreased by 1.55%.
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