Recent Price Movement and Market Context
On 02 December, Globale Tessile’s share price closed at ₹11.35, down ₹0.69 or 5.73% from the previous session. This drop continues a downward trend, with the stock having fallen over 10% in the last three trading days alone. The current price is perilously close to its 52-week low of ₹11.20, just 1.32% above that level, signalling significant weakness in investor sentiment.
When compared to the broader market, the stock’s performance is starkly negative. Over the past week, Globale Tessile has declined by 6.58%, while the Sensex has gained 0.65%. The divergence widens over longer periods, with the stock down 7.12% in the last month against a 1.43% rise in the Sensex. Year-to-date, the stock has plummeted 60.18%, in contrast to t...
Read More








