Delton Cables Faces Intense Selling Pressure Amid Consecutive Losses and Declining Stock Performance

Apr 23 2025 12:25 PM IST
share
Share Via
Delton Cables Ltd is experiencing notable selling pressure, with the stock declining over consecutive days. It has dropped significantly in the past week and month, underperforming the Sensex. The stock is trading below key moving averages, indicating a bearish trend, while the cable sector also faces challenges.
Delton Cables Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The company has experienced consecutive losses over the past three days, resulting in a total decline of 7.02%. In today's trading session, Delton Cables saw a decrease of 1.99%, contrasting sharply with the Sensex, which gained 0.23%.

Over the past week, the stock has dropped 5.71%, while the Sensex has risen by 3.55%. The one-month performance reveals a decline of 11.93% for Delton Cables, compared to a 3.74% increase in the Sensex. Year-to-date, the stock has plummeted by 36.58%, significantly underperforming the Sensex's modest gain of 2.10%.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The cable sector itself has also seen a decline of 2.03%, which may be contributing to the selling pressure on Delton Cables. The stock has been trading within a narrow range of Rs 0.65, reflecting the current market sentiment.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News