Morarjee Textiles Hits Upper Circuit Limit Amidst Market Volatility and Sector Outperformance
Morarjee Textiles Ltd has gained attention by reaching its upper circuit limit, with an intraday high of Rs 7.58. The stock outperformed its sector and recorded significant trading volume. Despite a recent trend reversal after ten days of gains, it remains above several key moving averages.
Morarjee Textiles Ltd, a microcap player in the textile industry, has made headlines today by hitting its upper circuit limit. The stock reached an intraday high of Rs 7.58, reflecting a notable increase of 4.99% from its previous close. This performance stands out as it outperformed its sector, which recorded a modest 0.63% gain, while the broader Sensex declined by 0.15%.The stock's last traded price (LTP) is Rs 7.22, with a change of Rs 0.34, marking a percentage change of 4.94%. The trading activity today saw a total volume of approximately 0.22268 lakh shares, resulting in a turnover of Rs 0.016 crore. Despite the positive momentum, it is worth noting that Morarjee Textiles has experienced a trend reversal after ten consecutive days of gains.
The stock opened with a gap up of 4.99% and has shown resilience, trading above its 5-day, 20-day, and 50-day moving averages. However, it remains below its 100-day and 200-day moving averages. Overall, Morarjee Textiles' performance today highlights a significant upward movement, reflecting the stock's current market dynamics.
{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)
{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)
Related Stock Links
- {{stockdata.stock.stock_name.value}} Analysis
- {{stockdata.stock.stock_name.value}} Technicals
- {{stockdata.stock.stock_name.value}} Quality
- {{stockdata.stock.stock_name.value}} Valuation
- {{stockdata.stock.stock_name.value}} Financial Trend
- {{stockdata.stock.stock_name.value}} Return Analysis
- {{stockdata.stock.stock_name.value}} Price Analysis
- {{stockdata.stock.stock_name.value}} Quarterly Result Analysis
- {{stockdata.stock.stock_name.value}} Half-Yearly Result Analysis
- {{stockdata.stock.stock_name.value}} Nine Monthly Result Analysis
- {{stockdata.stock.stock_name.value}} Annual Results
- {{stockdata.stock.stock_name.value}} Balance Sheet
- {{stockdata.stock.stock_name.value}} Profit & Loss
- {{stockdata.stock.stock_name.value}} Cash Flow
- {{stockdata.stock.stock_name.value}} News
- {{stockdata.stock.stock_name.value}} Announcements
- {{stockdata.stock.stock_name.value}} Share Holding
- {{stockdata.stock.stock_name.value}} Peer Comparison
Our weekly and monthly stock recommendations are here
Loading...
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Target Price
{{sm.target_price }}
({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
₹{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News
