Kitex Garments Sees Increased Trading Activity Amid Mixed Sector Performance
Kitex Garments Ltd, a mid-cap textile company, saw significant trading activity today, reaching its upper circuit limit. The stock hit an intraday high of Rs 276.3, with a total traded volume of approximately 4.26 lakh shares. Despite this, delivery volume decreased notably, indicating reduced investor participation.
Kitex Garments Ltd, a mid-cap player in the textile industry, has experienced significant trading activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 276.3, reflecting a notable increase of 4.11% during the session. The last traded price stands at Rs 265.38, marking a change of Rs 12.63 or 5.0% for the day.Despite the positive movement, the stock has underperformed its sector by 0.81% and has shown a slight decline of 2.86% in its 1D return. The total traded volume reached approximately 4.26 lakh shares, contributing to a turnover of Rs 11.18 crore. The stock opened with a gain of 2.49% and fluctuated between a low of Rs 254.01 and the aforementioned high.
Kitex Garments is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong position in the market. However, it is worth noting that delivery volume has decreased by 48.37% compared to the 5-day average, suggesting a decline in investor participation. Overall, Kitex Garments Ltd has shown resilience in today’s trading session, with its performance reflecting the dynamics of the textile sector.
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