Robust Short-Term Performance Drives Stock Momentum
The stock’s sharp rise on 16-Jan is part of a broader upward trend observed over the past week. Vardhman Polytex has delivered a remarkable 20.37% return in the last seven days, while the Sensex remained virtually flat, declining marginally by 0.01%. This divergence highlights the stock’s strong relative strength amid a subdued market environment.
Further reinforcing this momentum, the stock has gained for two consecutive days, accumulating a 24.48% return during this period. The price action on 16-Jan was characterised by a gap-up opening, with the stock starting the day 9.32% higher than the previous close, signalling strong buying interest from the outset.
Intraday volatility was evident as the stock traded ...
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