Birla Cable Faces Sustained Downward Trend Amid Broader Cable Sector Challenges

Birla Cable, a microcap player in the cable industry, has experienced significant activity today, reflecting broader market trends. The stock is currently trading close to its 52-week low, just 0.76% away from Rs 182.85, which it reached on January 27, 2025. Over the past two days, Birla Cable has seen a decline of 5.97%, underperforming its sector by 0.95%. Today, the stock hit an intraday low of Rs 183, marking a decrease of 4.34%. In terms of moving averages, Birla Cable is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Looking at the broader context, the cable sector has also faced challenges, with an overall decline of 2.88%. Over the past year, Birla Cable has reported a performance drop of 34.65%, contrasting sharply with the Sensex, which has gained 6.59%. These metrics highlight the current struggles faced by Birla Cable within a challenging market environment.