Delton Cables Hits 52-Week High, Outperforms Sector with Impressive Growth

Delton Cables, a microcap company in the cable industry, has recently hit a 52-week high on July 5th, 2024. The stock has been performing well, with a 'Hold' call from MarketsMOJO. The stock opened today at Rs. 528.3, which is also its new 52-week and all-time high. It has outperformed the sector by 1.48% and has been on a consecutive gain for the past 9 days, with a 18.65% increase in returns during this period. The stock also opened with a gain of 2% today and touched an intraday high of Rs. 528.3. Delton Cables is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its performance. In the past year, Delton Cables has shown an impressive performance with a 495.87% increase, while the Sensex has only seen a 21.82% increase. This showcases the company's strong growth and potential in the market. Investors and experts are keeping a close eye on Delton Cables as it continues to show promising results. With its recent 52-week high and consistent gains, the company is definitely one to watch in the cable industry.