Cords Cable Industries' Stock Reaches 52-Week High, Shows Impressive Growth in Cable Industry
Cords Cable Industries, a microcap company in the cable industry, has been making waves in the stock market with its recent performance. On May 17, 2024, the company's stock price reached a 52-week high of Rs. 215.25, which is also an all-time high for the company. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.
The stock has shown a strong performance today, outperforming the sector by 6.2%. This is a significant trend reversal as the stock had been falling for the past two days. The intraday high of Rs. 215.25 marks a 9.1% increase from the previous day's closing price.
Cords Cable Industries is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend for the company. In the past year, the company's stock has shown an impressive growth of 177.07%, while the Sensex has only grown by 19.46%.
This strong performance by Cords Cable Industries is a testament to the company's potential and growth in the cable industry. With its stock reaching new highs and receiving a 'Buy' call from MarketsMOJO, it is definitely a company to keep an eye on in the stock market.
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