Why is Vardhman Textile falling/rising?
As of 08-Jul, Vardhman Textiles Ltd is priced at Rs 501.00, up 0.72%, but has underperformed its sector by 1.11%. Despite a strong long-term performance, recent declines in delivery volume and a year-to-date drop of 1.57% indicate short-term challenges.
As of 08-Jul, Vardhman Textiles Ltd is currently priced at Rs 501.00, reflecting an increase of Rs 3.6 or 0.72%. Despite this uptick, the stock has underperformed its sector by 1.11% today. The stock reached an intraday high of Rs 539.5, representing an 8.46% increase, but overall, it has shown a negative return of 0.64% over the past week. Additionally, the stock's delivery volume has decreased significantly by 46.33% compared to the 5-day average, indicating a decline in investor participation. While the stock has performed well over the long term, with a 268.27% increase over the past five years, it has struggled in the short term, showing a year-to-date decline of 1.57%.In the broader market context, the Sensex has shown a slight increase of 0.02% over the past week, while Vardhman Textiles has lagged behind with a decline. The company's strong ability to service debt, evidenced by a low Debt to EBITDA ratio of 0.89 times, and high institutional holdings at 22.47% may provide some stability and confidence among investors. However, the recent drop in delivery volume and underperformance relative to the sector could be contributing factors to the stock's current price movement.
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