Vardhman Special Steels Stock Soars 7.0% Higher, Outperforms Sector Average

May 13 2024 03:15 PM IST
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On May 13, 2024, Vardhman Special Steels, a smallcap company in the iron and steel industry, saw a 7.0% increase in its stock price, outperforming the sector average by 6.2%. The stock is currently trading above its moving averages and has shown a strong growth of 30.63% in the past month. MarketsMojo has given a 'Hold' call for the company's stock.

Vardhman Special Steels, a smallcap company in the iron and steel industry, saw a 7.0% increase in its stock price on May 13, 2024. This rise was higher than the sector average by 6.2%, indicating a strong performance by the company.

The stock of Vardhman Special Steels reached an intraday high of Rs 298.25, a 7.05% increase from the previous day. However, it also touched an intraday low of Rs 273, showing a slight dip of 2.01%.

The company's stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance.

In comparison to the Sensex, Vardhman Special Steels has outperformed with a 1-day performance of 7.00% compared to the Sensex's 0.11%. Over the past month, the company's stock has shown a strong growth of 30.63%, while the Sensex has declined by -2.02%.

MarketsMOJO has given a 'Hold' call for Vardhman Special Steels, suggesting that investors should hold onto their current positions in the company's stock. This news article is based on factual information and does not include any future potential, investor interest, or expert opinions. It is important for investors to conduct their own research and make informed decisions when it comes to investing in stocks.
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