Vardhman Polytex Ltd Achieves Significant Gains Amid Rising Investor Participation
Vardhman Polytex Ltd, a microcap in the Garments & Apparels industry, reached its upper circuit limit today, closing at Rs 13.44 after a notable increase. The stock has gained 26.07% over six consecutive days, with significant trading volume indicating heightened investor interest and strong market momentum.
Vardhman Polytex Ltd, a microcap player in the Garments & Apparels industry, has shown remarkable activity today, hitting its upper circuit limit with a high price of Rs 13.67. The stock experienced a positive change of Rs 0.42, translating to a 3.23% increase, and closed at a last traded price of Rs 13.44. The stock's performance today outpaced its sector by 2.25%, marking its sixth consecutive day of gains, during which it has accumulated a notable 26.07% return. Vardhman Polytex is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend.
In terms of trading volume, the stock saw a total traded volume of approximately 17.62 lakh shares, resulting in a turnover of around Rs 2.40 crore. Notably, the delivery volume on May 16 reached 7.57 lakh shares, reflecting a significant increase of 74.18% compared to the 5-day average delivery volume, suggesting rising investor participation.
Overall, Vardhman Polytex Ltd's performance today highlights its strong market position and positive momentum within the garments sector.
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