VTM Reaches All-Time High, Outperforming Sector with 177% Annual Growth

Dec 25 2024 09:20 AM IST
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VTM has recently experienced a revision in its score, reflecting its strong market performance and impressive growth metrics. The stock has been added to MarketsMojo's list, following a notable increase in value and consistent gains over the past week. VTM's performance significantly outpaces broader market indices, underscoring its robust position in the textile industry.
VTM, a microcap player in the textile industry, has recently achieved a remarkable milestone by reaching an all-time high of Rs. 173.55 on December 25, 2024. This significant price point marks a new 52-week high for the company, showcasing its strong market position.

In today's trading session, VTM outperformed its sector by 5.4%, reflecting robust investor confidence. The stock has demonstrated impressive momentum, gaining consecutively for the past six days and delivering a remarkable 22.48% return during this period. Opening with a gain of 2.03%, VTM reached an intraday high of Rs. 173.55, representing a 4.99% increase for the day.

Moreover, VTM is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend. Over the past year, VTM has delivered an outstanding performance of 177.37%, significantly outpacing the Sensex, which recorded a growth of 10.36%. This impressive trajectory highlights VTM's solid position within the textile sector.
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