Recent Price Movement and Short-Term Performance
Vama Industries Ltd’s share price gained ₹0.18 on 24 December, reflecting a 4.07% increase from the previous close. This rise is part of a three-day consecutive gain streak, during which the stock has appreciated by 7.73%. Such a short-term rally indicates some renewed investor interest or positive sentiment, allowing the stock to outperform its sector by 2.76% on the day. However, the stock’s price remains below its longer-term moving averages, including the 20-day, 50-day, 100-day, and 200-day averages, signalling that the broader trend remains bearish.
Despite this recent uptick, the stock’s trading volume tells a more cautious story. Delivery volume on 23 December was 42,910 shares, which represents a sharp decline o...
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