Gujarat Raffia Industries Stock Surges Amidst Market Volatility and Low Investor Participation

Jun 17 2025 11:00 AM IST
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Gujarat Raffia Industries Ltd saw its stock reach the upper circuit limit, closing at Rs 45.2, with a notable increase during the trading session. The stock outperformed its sector and the broader market, despite a decline in investor participation and notable volatility throughout the day.
Gujarat Raffia Industries Ltd, a microcap player in the packaging industry, has made headlines today as its stock hit the upper circuit limit, closing at a high price of Rs 45.2. This marks a notable increase of Rs 2.15, translating to a percentage change of 4.99%. The stock's performance today outpaced its sector, which recorded a return of just 0.35%, while the broader Sensex saw a decline of 0.18%.

Throughout the trading session, Gujarat Raffia Industries experienced a total traded volume of 0.0609 lakh shares, resulting in a turnover of approximately Rs 0.0266 crore. The stock's price band was set at 5%, indicating a robust trading environment. The intraday low was recorded at Rs 42.84, showcasing the stock's volatility within the session.

Despite a recent decline in investor participation, with delivery volume dropping by 48.65% against the five-day average, the stock remains above its shorter-term moving averages. Overall, Gujarat Raffia Industries Ltd's performance today reflects a strong upward trend, highlighting its position in the market amidst fluctuating trading conditions.
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