Vardhman Special Steels Ltd's Stock Experiences Short-Term Losses, But Long-Term Performance Remains Strong

Vardhman Special Steels Ltd, a smallcap company in the iron and steel industry, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Hold' call, indicating a neutral stance on the company's future prospects.

The stock opened today with a loss of -10.77%, underperforming the sector by -2.31%. This is the second consecutive day of losses for the stock, with a total fall of -8.32% in the period. The stock also opened with a gap down of -10.77% today and touched an intraday low of Rs 256.35.

Despite these recent losses, Vardhman Special Steels Ltd's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages. However, it is currently lower than the 5 day and 20 day moving averages.

In comparison to the Sensex, Vardhman Special Steels Ltd's 1 day performance is -3.27%, while the Sensex's performance is -0.16%. Similarly, the company's 1 month performance is -3.39%, while the Sensex's performance is -2.59%.

Overall, Vardhman Special Steels Ltd's stock has been experiencing some losses in the short term, but its moving averages and long term performance are still relatively strong. Investors may want to keep an eye on the company's future developments and performance before making any decisions.