Vardhman Textiles' Stock Performance Soars, Outperforms Sector by 5.92%

Vardhman Textiles, a leading textile company in the midcap sector, has seen a positive trend in its stock performance on August 23, 2024. The stock has gained 6.84% and has been recommended as a 'Hold' by MarketsMOJO.

In today's trading session, Vardhman Textiles has outperformed the sector by 5.92%. The stock has also shown consecutive gains for the last 2 days, with a rise of 7.74% in this period. It reached an intraday high of Rs 528.1, showing a high volatility of 5.51% (calculated from weighted average price).

Moreover, Vardhman Textiles is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In comparison to the Sensex, Vardhman Textiles has performed better with a 1-day return of 5.94% while the Sensex has shown a slight decline of -0.02%. In the past month, Vardhman Textiles has shown a decline of -0.80% while the Sensex has shown a slight increase of 0.76%.

Overall, Vardhman Textiles has shown a strong performance in the midcap sector and has been recommended as a 'Hold' by MarketsMOJO. Investors can keep a close eye on the stock's performance in the coming days.