Vardhman Special Steels Hits New 52-Week High of Rs. 312.15
Vardhman Special Steels has achieved a new 52-week high, reflecting strong performance in the iron and steel sector. The stock has gained consistently over the past three days, outperforming the sector and showing positive market sentiment, while trading above key moving averages. Its annual performance significantly exceeds that of the Sensex.
Vardhman Special Steels has reached a significant milestone by hitting a new 52-week high of Rs. 312.15 today, marking a notable achievement for the small-cap company in the iron and steel products industry. This surge comes as the stock has outperformed its sector by 2.84%, reflecting strong market performance.The stock has shown consistent upward momentum, gaining for the last three consecutive days and delivering a total return of 10.26% during this period. It opened today with a gap up of 2.87%, indicating positive market sentiment. The intraday high of Rs. 312.15 represents a 5.26% increase from the previous close.
In terms of technical indicators, Vardhman Special Steels is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a robust trend. Over the past year, the stock has delivered a performance of 16.80%, significantly outperforming the Sensex, which has risen by 6.45%. This performance highlights Vardhman Special Steels' strong position in the market as it continues to gain traction.
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