Recent Price Movement and Market Context
Vardhman Textiles has demonstrated a strong short-term rally, gaining 6.66% over the past week compared to the Sensex’s modest 0.90% rise. The stock has been on a consecutive four-day upward trajectory, reflecting renewed investor interest. Intraday volatility was significant, with the share price touching a high of ₹468.75, marking a 13.38% surge during the trading session. However, the weighted average price indicates that a larger volume of shares traded closer to the lower end of the day’s range, suggesting some profit-taking or cautious buying at elevated levels.
Technically, the stock is trading above its 5-day, 20-day, and 100-day moving averages, signalling short to medium-term strength. Yet, it remains below its 50-day ...
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