/ Vardhman Textiles Gains As It Gets Clearance For Its 6 Projects ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Tuesday, 17 January 2017

While the Sensex on Tuesday Jan 17 is still trading down, Vardhaman Textiles is trading with gains. In a recent development, Madhya Pradesh Government has approved six projects worth Rs 3285 crore for the company.

The stock of the company has witnessed a spurt in volumes by more than 1.51 times. On a YoY basis, the stock has surged by 49.42%. Currently, the stock is trading with a P/E of 10.42.  The stock has outperformed the BSE 500 and the Mid-cap index. In the last three years, on an annualised basis has given a return of 44.26%.

Ten fund houses have invested in the stock of the company. HDFC Mutual Fund is the top mutual fund house which has invested in the stock followed by UTI and IDFC Mutual Fund. Vardhman Textiles Ltd is currently trading at Rs 1124.55, up by Rs 4.55 or 0.41% from its previous closing of Rs 1120 on the BSE.

The scrip opened at Rs 1124.2 and has touched a high and low of Rs 1142.15 and Rs 1111.95 respectively. So far 27553(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 7128.8 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1159.75 on 28-Oct-2016 and a 52 week low of Rs 651.5 on 20-Jan-2016. Last one week high and low of the scrip stood at Rs 1124 and Rs 1093.25 respectively.

The promoters holding in the company stood at 62.23 % while Institutions and Non-Institutions held 23.09 % and 14.68 % respectively. The stock is currently trading above its 50 DMA.
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