Vardhman Textiles Faces Significant Decline Amid Broader Textile Sector Downturn

Jan 13 2025 02:35 PM IST
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Vardhman Textiles has encountered significant challenges, experiencing a notable decline on January 13, 2025. The stock has underperformed its sector and is trading below multiple moving averages, indicating a bearish trend. Over the past month, it has seen a substantial decrease, contrasting with broader market trends.
Vardhman Textiles, a midcap player in the textile industry, has faced significant challenges today, experiencing a decline of 6.32% on January 13, 2025. This drop is part of a broader downward trend, with the stock underperforming its sector by 1.17% and marking a total decrease of 11.26% over the past four days.

On this day, Vardhman Textiles hit an intraday low of Rs 449.45, reflecting a decrease of 5.16%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, signaling a bearish trend.

In the context of the broader market, Vardhman Textiles' one-day performance of -5.87% stands in stark contrast to the Sensex's decline of 1.29%. Over the past month, the stock has fallen by 18.12%, while the Sensex has decreased by 7.01%. The textile sector overall has also experienced a downturn, with a decline of 3.85%.
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