Vedant Fashions hits record high; stock surges 25% in one month

The stock has recovered 34 per cent from its 52-week low of Rs 793 hit on February 24, 2022.

Shares of the recently listed Vedant Fashions, the owner of ethnic wear brand Manyavar, hit a record high of Rs 1,065, on rallying 7 per cent on the BSE in Monday’s intra-day trade. The stock surpassed its previous high of Rs 1,025 touched on March 31, 2022. The stock made its market debut on February 16, 2022.

In the past one month, Vedant Fashions has outperformed the market by surging 25 per cent, as compared to a 11 per cent rise on the S&P BSE Sensex. The stock recovered 34 per cent from its 52-week low of Rs 793