Vardhman Polytex Ltd Shows Resilience with Notable Stock Rebound Amid Market Challenges
Vardhman Polytex Ltd, a microcap in the Garments & Apparels sector, reached its upper circuit limit today, reversing a four-day decline. The stock traded approximately 1.83 lakh shares, with a notable increase in price. Despite a drop in delivery volume, it remains liquid for trading.
Vardhman Polytex Ltd, a microcap player in the Garments & Apparels industry, has shown significant activity today, hitting its upper circuit limit with a high price of Rs 11.93. The stock experienced a positive change of Rs 0.53, translating to a 4.66% increase. This performance marks a notable trend reversal, as the stock has gained after four consecutive days of decline.The total traded volume reached approximately 1.83 lakh shares, with a turnover of Rs 0.21 crore. The stock's last traded price stood at Rs 11.90, reflecting a 1D return of 4.84%, outperforming its sector, which recorded a 1D return of 1.07%.
In terms of moving averages, Vardhman Polytex is currently positioned higher than the 50-day, 100-day, and 200-day moving averages, although it remains below the 5-day and 20-day averages. Despite a decrease in delivery volume, which fell by 22.27% compared to the 5-day average, the stock maintains sufficient liquidity for trading.
Overall, Vardhman Polytex Ltd's performance today highlights a significant rebound, showcasing resilience in a challenging market environment.
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