Vardhman Special Steels' Stock Sees 7.3% Increase, Outperforms Sector and Sensex

May 22 2024 03:15 PM IST
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Vardhman Special Steels, a smallcap company in the iron and steel industry, saw a 7.3% increase in its stock price on May 22, 2024, after three consecutive days of decline. The stock is currently rated as 'Hold' by MarketsMojo and has outperformed its sector by 4.17%. It is also trading higher than its moving averages and has shown a significant increase compared to the Sensex. With a strong market position and positive trends, the company is poised for continued success.

Vardhman Special Steels, a smallcap company in the iron and steel industry, has seen a 7.3% increase in its stock price on May 22, 2024. This rise comes after the stock had fallen for three consecutive days. The stock is currently trading at a price that is 1.37% away from its 52-week high of Rs 328.5.

According to MarketsMOJO, a leading stock market analysis and recommendation platform, the stock of Vardhman Special Steels is currently rated as 'Hold'. This rating is based on the company's performance and market trends.

In today's trading session, Vardhman Special Steels has outperformed its sector by 4.17%. The stock touched an intraday high of Rs 324.3, which is a 3.79% increase from its previous close. The stock is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the overall performance of the Sensex, Vardhman Special Steels has shown a significant increase of 7.30% in just one day, while the Sensex has only seen a 0.35% increase. In the past month, the stock has outperformed the Sensex by 34.18%, showing a strong upward trend.

Vardhman Special Steels is a smallcap company in the iron and steel industry, and its stock performance is a reflection of its strong market position and growth potential. With its recent rise in stock price and positive market trends, the company is poised for continued success in the future.
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