Cords Cable Industries Outperforms Sector with 52-Week High Stock Price of Rs.261

Jun 11 2024 10:11 AM IST
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Cords Cable Industries, a microcap company in the cable industry, has seen a significant increase in its stock price, reaching a 52-week high of Rs.261 on June 11, 2024. The stock has outperformed the sector by 9.67% and is currently trading higher than its moving averages, indicating a positive trend. With a growth of 172.85% in the past year, the company shows potential for investors.

Cords Cable Industries, a microcap company in the cable industry, has been making waves in the stock market with its recent performance. On June 11, 2024, the company's stock price reached a 52-week high of Rs.261, outperforming the sector by 9.67%. This significant increase in stock price has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock's performance today has been impressive, with an intraday high of Rs.261, representing a 11.37% increase. The stock has also been highly volatile, with an intraday volatility of 7.13%, calculated from the weighted average price. This shows the strong interest and activity surrounding Cords Cable Industries in the market.

In addition, the company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock and reflects the company's strong financial performance.

In the past year, Cords Cable Industries has shown a remarkable growth of 172.85%, outperforming the Sensex's performance of 22.35%. This further highlights the company's potential and success in the cable industry.

With its recent surge in stock price and strong financial performance, Cords Cable Industries is definitely a company to watch out for in the microcap sector. Investors can consider adding this stock to their portfolio for potential growth and returns.
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