Vardhman Textiles' Stock Sees 5.67% Increase, Outperforms Sector on October 16

Vardhman Textiles, a leading textile company in the midcap industry, saw a positive trend in its stock performance on October 16, 2024. The stock gained 5.67%, outperforming the sector by 5.67%. This has been the second consecutive day of gains for the company, with a total increase of 6.04% in the past two days.

The stock reached an intraday high of Rs 489.05, showing a significant increase of 5.64%. Vardhman Textiles' stock is currently trading higher than its 5-day, 20-day, 50-day, and 200-day moving averages, but lower than its 100-day moving average.

In comparison to the Sensex performance, Vardhman Textiles' stock has outperformed with a 1-day performance of 5.52% while the Sensex has shown a negative performance of -0.39%. Similarly, in the past month, Vardhman Textiles' stock has performed better than the Sensex with a -2.30% return compared to the Sensex's -1.79% return.

Overall, Vardhman Textiles' stock has shown a positive trend and has been recommended as a 'Hold' by MarketsMOJO. With its strong performance and consistent gains, Vardhman Textiles continues to be a promising player in the textile industry.