Morarjee Textiles Hits Upper Circuit Limit Amid Increased Trading Activity and Sector Outperformance

Apr 02 2025 10:01 AM IST
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Morarjee Textiles Ltd experienced notable trading activity today, reaching its upper circuit limit with an intraday high of Rs 5.08. The stock opened positively and showed increased trading volume, while still trading below key moving averages. It outperformed its sector amid a modest gain in the broader market.
Morarjee Textiles Ltd, a microcap player in the textile industry, has shown significant activity today, hitting its upper circuit limit. The stock reached an intraday high of Rs 5.08, reflecting a notable increase of 4.53% from its previous trading session. The last traded price stands at Rs 4.86, marking an absolute change of 0.23 and a percentage change of 4.97%.

Today's trading volume reached approximately 0.11963 lakh shares, contributing to a turnover of Rs 0.00579 crore. The stock opened with a gain of 2.06%, indicating positive momentum at the start of the trading day. Despite this upward trend, Morarjee Textiles is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a mixed performance over a longer timeframe.

Interestingly, the stock has outperformed its sector by 4.75% today, while the broader market, represented by the Sensex, posted a modest gain of 0.29%. Overall, Morarjee Textiles' performance today highlights a significant upward movement, reflecting the stock's current market dynamics.
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