Delton Cables Hits All-Time High, Outperforms Sector and Sensex - A Strong Buy for Investors

Delton Cables, a leading player in the cable industry, has recently reached an all-time high in its stock price. On January 19, 2024, the company's stock price hit an impressive Rs.353.2, making it a great time for investors to take notice.

According to MarketsMOJO, a trusted source for stock analysis and recommendations, Delton Cables is a strong buy. The stock has been performing exceptionally well, outperforming the sector by 1.97% and gaining 16.91% in the last 5 days alone. This is a clear indication of the company's positive growth and potential for future success.

In addition, Delton Cables has been consistently gaining for the past 5 days and is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This further solidifies its strong performance and potential for continued growth.

When compared to the Sensex performance, Delton Cables has outperformed by a significant margin, with a 1-year performance of 376.98% compared to Sensex's 18.04%. This showcases the company's strong financials and its ability to deliver impressive returns to its investors.

With its recent all-time high and strong performance, Delton Cables is definitely a company to watch out for in the cable industry. Investors can expect continued growth and success from this microcap company.