Vardhman Special Steels' Stock Price Soars 7.15% on Positive Trend and Outperforms Sector and Sensex

Vardhman Special Steels, a smallcap company in the iron and steel industry, has seen a significant increase in its stock price on June 21, 2024. The stock has gained 7.15% and is currently trading at Rs. 323.75. MarketsMOJO has given a 'Hold' call for the stock.

The stock is currently trading close to its 52-week high of Rs. 345.25, with a difference of only 4.94%. It has also outperformed the sector by 9.04% today. This is the second consecutive day of gains for Vardhman Special Steels, with a total increase of 11.98% in the past two days. The stock opened with a gain of 4.51% today and reached an intraday high of Rs. 329.6, showing high volatility with an intraday range of 29.01%.

Vardhman Special Steels is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock.

In comparison to the Sensex, Vardhman Special Steels has outperformed with a 1-day performance of 7.03% versus Sensex's 0.13%. In the past month, the stock has gained 3.26% while the Sensex has gained 4.90%.

Overall, Vardhman Special Steels has shown a strong performance in the stock market, with a positive trend and outperforming the sector and Sensex. Investors may want to keep an eye on this smallcap company in the iron and steel industry.