Kitex Garments Hits Upper Circuit Limit Amid Strong Market Sentiment and Trading Volume

Kitex Garments Ltd, a prominent player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 289.88, reflecting a 5% increase from its previous close. This surge comes as the stock has been on a consistent upward trajectory, gaining 16.49% over the past four days.
Today, Kitex Garments opened with a notable gain of 2.8% and has outperformed its sector by 2.36%. The last traded price stood at Rs 286.92, with a change of Rs 10.84, representing a 3.93% increase. The stock's performance is further highlighted by its trading above key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages.

In terms of trading volume, Kitex Garments recorded a total traded volume of 13.3482 lakh shares, resulting in a turnover of approximately Rs 38.57 crore. The stock is also close to its 52-week high, just 1.78% away from Rs 292.512. Overall, Kitex Garments has demonstrated strong performance metrics today, reflecting positive market sentiment.