Key Events This Week
23 Feb: Technical momentum upgrade with bullish indicators
26 Feb: New 52-week high reached at Rs.549.5
27 Feb: Slight pullback with a 1.23% decline amid broader market weakness
23 February 2026: Technical Momentum Upgrade Spurs Confidence
On 23 February, Vardhman Textiles Ltd demonstrated a significant shift in technical momentum, upgrading from a mildly bullish to a bullish trend. The stock closed at Rs.536.60, virtually unchanged from the previous close but supported by strong technical indicators such as MACD and Bollinger Bands signalling sustained buying interest. The stock traded in a range close to its 52-week high, reflecting renewed investor confidence amid sector outperformance.
Volume on this day was moderate at 58,478 shares, while the Sensex gained 0.39%, closing at 36,817.86. The technical upgrade was a key driver for the stock’s relative strength, setting the stage for subsequent gains during the week.
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24-26 February 2026: Steady Gains and New 52-Week High
The stock continued its upward trajectory on 24 February, rising 0.54% to close at Rs.539.50 on increased volume of 122,505 shares, despite the Sensex falling 0.78% to 36,530.09. This divergence highlighted Vardhman Textiles’ relative strength amid broader market weakness.
On 25 February, the stock gained 1.13%, closing at Rs.545.60, supported by a lower volume of 27,435 shares, while the Sensex rebounded 0.41% to 36,679.75. The positive momentum culminated on 26 February when Vardhman Textiles hit a new 52-week high of Rs.549.50, closing at Rs.549.20 (+0.66%) on volume of 50,422 shares. This milestone marked a 33.81% appreciation over the past year, significantly outperforming the Sensex’s 10.06% gain over the same period.
The stock’s sustained trading above key moving averages and bullish technical indicators underscored the strength of its trend. The Mojo Score remained steady at 58.0 with a Hold rating, reflecting cautious optimism among investors.
27 February 2026: Profit-Taking Amid Market Weakness
On the final trading day of the week, Vardhman Textiles experienced a pullback, closing at Rs.542.45, down 1.23% on volume of 31,144 shares. This decline coincided with a broader market sell-off, as the Sensex dropped 1.16% to 36,322.56. The stock’s retreat after reaching its 52-week high suggests short-term profit-taking or consolidation, a common occurrence following sustained gains.
Despite this dip, the stock’s weekly performance remained positive, outperforming the Sensex by over 2 percentage points. The relative resilience amid market volatility highlights the stock’s defensive qualities within the garments and apparels sector.
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Daily Price Performance vs Sensex
| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-02-23 | Rs.536.60 | -0.01% | 36,817.86 | +0.39% |
| 2026-02-24 | Rs.539.50 | +0.54% | 36,530.09 | -0.78% |
| 2026-02-25 | Rs.545.60 | +1.13% | 36,679.75 | +0.41% |
| 2026-02-26 | Rs.549.20 | +0.66% | 36,748.49 | +0.19% |
| 2026-02-27 | Rs.542.45 | -1.23% | 36,322.56 | -1.16% |
Key Takeaways
Positive Signals: Vardhman Textiles Ltd demonstrated strong technical momentum early in the week, with bullish MACD and Bollinger Bands indicators supporting a sustained uptrend. The stock’s ability to hit a new 52-week high at Rs.549.5 on 26 February highlights robust investor demand and resilience amid sectoral and market volatility. The Mojo Score upgrade to Hold reflects improved fundamentals and technical outlook.
Cautionary Notes: The slight pullback on 27 February amid broader market weakness suggests short-term profit-taking or consolidation. Mixed signals from some momentum indicators, such as the mildly bearish monthly KST and weekly Dow Theory readings, advise caution. The stock’s proximity to its 52-week high may invite volatility in the near term.
Conclusion
Vardhman Textiles Ltd’s performance over the week ending 27 February 2026 was characterised by steady gains and a notable new 52-week high, underscoring the stock’s relative strength against a weakening Sensex. The technical momentum upgrade early in the week set a positive tone, while the sustained trading above key moving averages confirmed the bullish trend. Despite a minor pullback on the final day, the stock closed the week with a 1.08% gain, outperforming the Sensex’s 0.96% decline.
This week’s developments reflect a balanced outlook, with positive technical and fundamental signals tempered by cautionary indicators. Investors monitoring Vardhman Textiles should consider these factors in the context of broader market conditions and sector dynamics.
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