VTM Reaches New 52-Week High, Outperforming Sector with 177.37% Annual Return

Dec 24 2024 09:35 AM IST
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VTM has recently experienced a revision in its score, reflecting its strong market performance and impressive momentum. The stock reached a new 52-week high, outperforming its sector and delivering substantial returns over the past year. Additionally, VTM has been added to MarketsMojo's list, highlighting its growth potential.
VTM, a microcap player in the textile industry, has recently achieved a significant milestone by reaching a new 52-week high of Rs. 171 on December 24, 2024. This impressive performance highlights the company's strong market position and resilience in a competitive sector.

Today, VTM outperformed its sector by 3.02%, showcasing its robust growth trajectory. The stock has demonstrated remarkable consistency, gaining for six consecutive days and delivering a notable 20.5% return during this period. Opening with a gain of 2.03%, VTM reached an intraday high of Rs. 171, reflecting a 3.45% increase for the day.

In terms of moving averages, VTM is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. Over the past year, VTM has delivered an impressive return of 177.37%, significantly outpacing the Sensex, which recorded a performance of 10.31%. This strong performance underscores VTM's position as a noteworthy player in the textile market.
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