Arvind Fashions' Stock Shows Volatility and Mixed Performance in Today's Trading Session

Jun 05 2024 10:50 AM IST
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Arvind Fashions, a midcap company in the retailing industry, had a volatile trading session today with a gain of 5.51%. However, it underperformed the sector by -0.47%. The stock is currently above its 200-day moving average but below its shorter-term moving averages, indicating a mixed trend. MarketsMojo has given a 'Hold' call for the stock.


Arvind Fashions, a midcap company in the retailing industry, saw a positive start to the day as its stock opened with a gain of 5.51%. However, it underperformed the sector by -0.47% in today's trading session. The stock has been highly volatile, with an intraday volatility of 5.44%, calculated from the weighted average price.

The stock touched an intraday high of Rs 436.95, a gain of 5.51%, and a low of Rs 405.85, a decrease of -2%. This indicates a high level of fluctuation in the stock's price throughout the day.

In terms of moving averages, the stock is currently higher than its 200-day moving average but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This suggests a mixed trend in the stock's performance.

In the retailing sector, Arvind Fashions has gained by 3.04% today. However, the company's 1-day performance of 3.01% is higher than the Sensex's performance of 0.84%. On a monthly basis, the stock has underperformed the Sensex, with a performance of -7.28% compared to the Sensex's -1.61%.

Based on these factors, MarketsMOJO has given a 'Hold' call for Arvind Fashions' stock. Investors are advised to closely monitor the stock's performance and make informed decisions. This is not a recommendation to buy or sell the stock, but rather a fact-based analysis of its current performance.
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