Vardhman Textiles gains on clearance for 6 projects
Shital Jibhe / 17 Jan 2017
Vardhman Textiles was up on the bourses on the news that the Madhya Pradesh government has approved six projects of the company worth Rs 3,285 crore.
Vardhman Textiles was up on the bourses on the news that the Madhya Pradesh government has approved six projects of the company worth Rs 3,285 crore.
The company's stock witnessed a spurt in volumes by more than 1.51 times. The stock has surged 49.42 per cent on a YoY basis and it is currently trading at a P/E multiple of 10.42. The company's stock has given a return of 44.26 per cent on an annualised basis and outperformed the BSE 500 and the Mid-cap indices in the last three years.
Among the ten mutual fund houses that have invested in the stock, HDFC Mutual Fund is the top investor, followed by UTI and IDFC Mutual Fund.
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