Kitex Garments Ltd Shows Strong Market Activity Amidst Declining Delivery Volume
Kitex Garments Ltd experienced significant trading activity today, reaching its upper circuit limit with an intraday high of Rs 293.59. The stock recorded a trading volume of approximately 5.13 lakh shares and a turnover of Rs 14.81 crore, demonstrating strong market interest despite a decline in delivery 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 293.59, reflecting a notable increase of 5.0% from the previous close. The last traded price also stood at Rs 293.59, marking an absolute change of Rs 13.98.In terms of trading volume, Kitex Garments recorded a total traded volume of approximately 5.13 lakh shares, resulting in a turnover of Rs 14.81 crore. The stock's performance today outpaced its sector by 5.2%, indicating strong market interest.
Despite a decline in delivery volume, which fell by 91.49% compared to the five-day average, the stock remains liquid enough for trades of Rs 0.7 crore, based on 2% of the five-day average traded value.
Overall, Kitex Garments Ltd's performance today highlights its resilience in the market, with key metrics indicating a solid position within the mid-cap segment, currently valued at Rs 5,857.12 crore.
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