Vardhman Textiles: Bangladesh Unrest To Boost India's Textile Industry, Trade Disruptions to Watch?

Vardhman Textiles consolidated net profit rises 74.76% in the June 2024 quarter

CG Power and Industrial Solutions, despite a recent moderation after hitting ₹783.60, remains bullish with a likely temporary correction. As it approaches the 20-day moving average at ₹715, fresh longs can be initiated at ₹727, accumulated at ₹680, with a stop-loss initially at ₹640, adjusted upward as the stock price rises, exiting at ₹840. Mangalore Refinery & Petrochemicals broke out of its ₹200-225 range last week, signaling potential appreciation to ₹300. Buy now at ₹240, accumulate at ₹225, with a stop-loss at ₹195, adjusting upwards as the price rises, and exit at ₹300. Vardhman Textiles, appreciating steadily since May 2023, faces resistance at ₹560 and might correct to ₹470 before potentially rising to ₹700. Go long now at ₹520, buy more at ₹470, with a stop-loss at ₹400, adjusting upward as the price increases, and book profits at ₹700.

Technical Analysis: CG Power and Industrial Solutions, Mangalore Refinery & Petrochemicals and Vardhman Textiles

Yarn sales volumes grew at 17% YoY to 63,048 mt (fell 9% QoQ) on low base and improved demand.

Vardhman Textiles Q3 Review - Soft Raw Material, Better Capacity Utilisation Drive Profitability: Systematix

Management is focused on expanding its modernisation capacities and has planned a
capex of ~Rs 3-4 billion for the next two years

Vardhman Textiles Q2 Results Review - Capacity Utilisation, Demand Revival To Improve Margins: Systematix

Stock to buy today: Vardhman Textiles (₹373.05)

Emkay Global Financial is bullish on Vardhman Textiles has recommended buy rating on the stock with a target price of Rs 440 in its research report dated May 10, 2023.

Buy Vardhman Textiles; target of Rs 440: Emkay Global Financial

The company reported a net profit of Rs 749 crore for the financial year 2022-23 (FY23) on a standalone basis

Vardhman Textiles’ net profit up 52% QoQ; declares Rs 3.5 dividend a share

Indian shares extended losses for a second session on Tuesday, dragged by financials and as sentiment soured after Tata Consultancy Services Ltd and Infosys Ltd reported weak quarterly earnings amid uncertainty over client spending.
The Nifty 50 fell 0.26% to 17,660.15, while the S&P BSE Sensex closed 0.31% lower to 59,727.01.Nifty declines for 2nd straight session; Down over 0.2%. 30 out of 50 Nifty constituents decline; Power Grid, Ultratech Cement drag most. Nifty Midcap index hits 1-month high intraday; Yes Bank, Lupin lead. Nifty Smallcap advances for 11th straight session; Graphite, Vardhman Textiles lead. Nifty Pharma index is up 2% off the day’s low; Top sectoral gainer. 16 out of 20 Nifty Pharma constituents advance; Lupin, Biocon lead. Nifty Realty index hits 3-month high; Sobha, Godrej Properties lead. Nifty PSU Bank index hits 1-month high; Indian Bank, Punjab Sind Bank lead. Watch the complete video now to know more.
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Nifty Declines For 2nd Straight Session Ends Below 17,700, Sensex Down 184 Pts | Closing Trades

Nifty declines for 2nd straight session; Down over 0.2%. 30 out of 50 Nifty constituents decline; Power Grid, Ultratech Cement drag most. Nifty Midcap index hits 1-month high intraday; Yes Bank, Lupin lead. Nifty Smallcap advances for 11th straight session; Graphite, Vardhman Textiles lead. Nifty Pharma index is up 2% off the day’s low. Here are some Vinit Bolinjkar's stocks pick in this market.
DB Reality, HUl Nestle Eicher Motors and other stocks are top picks of Vinit Bolinjkar. Watch the complete video now to know more.
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DB Reality, Nestle, HUL & More: Stocks Pick In This market | Vinit Bolinjkar | Stock Market | ET Now

Nifty declines for 2nd straight session; Down over 0.2%. 30 out of 50 Nifty constituents decline; Power Grid, Ultratech Cement drag most. Nifty Midcap index hits 1-month high intraday; Yes Bank, Lupin lead. Nifty Smallcap advances for 11th straight session; Graphite, Vardhman Textiles lead. Nifty Pharma index is up 2% off the day’s low; Top sectoral gainer. 16 out of 20 Nifty Pharma constituents advance; Lupin, Biocon lead. Nifty Realty index hits 3-month high; Sobha, Godrej Properties lead. Nifty PSU Bank index hits 1-month high; Indian Bank, Punjab Sind Bank lead. Watch the complete video now to know more.
#closingtrdes #stockmarket #nifty #Sensex #ayeshafaridi #avannadubash #anishajain
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Nifty Below 17,700, Sensex Down 184 Points: Closing Bell | Stock Market | ET Now

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Vardhman Textiles Limited is an integrated textile manufacturer engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments.