Vardhman Special Steels' Stock Reaches 52-Week High, Outperforms Sector by 8.21%
Vardhman Special Steels, a smallcap company in the iron and steel industry, has been in the spotlight as its stock price reached a 52-week high on June 21, 2024. The stock has been performing well, outperforming the sector by 8.21% and gaining 11.3% in the last two days alone. With a strong performance in the past year and a 'Hold' call from MarketsMojo, Vardhman Special Steels shows potential for investors.
Vardhman Special Steels, a smallcap company in the iron and steel industry, has been making headlines recently as its stock price reached a 52-week high on June 21, 2024. The stock has been performing well, outperforming the sector by 8.21% and gaining 11.3% in the last two days alone.
Today, the stock opened with a gain of 4.51% and reached an intraday high of Rs 343.4, a 13.92% increase. This positive trend is reflected in the moving averages as well, with Vardhman Special trading higher than the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In the past year, Vardhman Special Steels has shown a strong performance with a 66.92% increase, compared to the Sensex's 21.55% growth. This is a testament to the company's resilience and ability to thrive in a competitive market.
MarketsMOJO has given a 'Hold' call for Vardhman Special Steels, indicating that the stock is expected to maintain its current performance. As a smallcap company in the iron and steel industry, Vardhman Special Steels has shown promising growth and potential for investors.
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