Vardhman Holdings' Stock Sees Dip Despite Outperforming Market in Past Month

Vardhman Holdings, a smallcap company in the finance/NBFC industry, has recently seen a dip in its stock price. On October 22, 2024, the company's stock lost -7.44%, closing at Rs. 4821. This decline has been reflected in the stock call given by MarketsMOJO, which is currently 'Hold'.

The stock's performance today has been underwhelming, as it underperformed the sector by -7.37%. This is a reversal from the previous two days, where the stock had seen consecutive gains. However, it did open with a gain of 4.09% today, indicating some initial positive momentum.

The day's high for Vardhman Holdings was Rs. 5499, which was also the new 52-week high for the stock. On the other hand, the day's low was Rs. 4821, showing a significant drop of -8.74%.

In terms of moving averages, Vardhman Holdings is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This suggests that the stock has been performing well in the short and long term.

Comparing the stock's performance to the overall market, Vardhman Holdings has seen a -8.19% decline in the past day, while the Sensex has only seen a 0.19% increase. Over the past month, the stock has outperformed the Sensex with a 23.57% increase, while the Sensex has seen a -3.83% decline.

Overall, Vardhman Holdings has had a mixed performance in the past day, with a decline in stock price but still trading above its moving averages. Investors should keep an eye on the company's future performance to make informed decisions.