Universal Cables Reports Significant Profit Growth Amid Shift in Market Sentiment

Universal Cables has recently undergone an adjustment in evaluation, reflecting a shift in its technical outlook. The stock's technical trend has transitioned from a sideways movement to a mildly bullish stance, indicating a change in market sentiment.
In terms of key financial metrics, Universal Cables reported a significant increase in profit before tax (PBT) for the first quarter of FY25-26, which grew by 720% to Rs 43.05 crore. Additionally, the profit after tax (PAT) saw a remarkable rise of 488.7%, reaching Rs 32.91 crore. The company's debtor turnover ratio stands at a robust 2.64 times, showcasing effective management of receivables.

Despite these positive indicators, the stock has experienced a decline of 11.94% year-to-date, contrasting with a 4.67% gain in the broader market. Over the past year, however, Universal Cables has generated a return of 11.28%, outperforming the BSE500 index, which recorded negative returns.

The stock is currently trading at a discount compared to its peers, with a PEG ratio of 0.7, suggesting attractive valuation metrics.

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