Kitex Garments Ltd Shows Strong Market Activity Amidst Declining 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.