Delton Cables Ltd Achieves 13-Day Winning Streak Amid Strong Price Gains

Delton Cables Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, contrasting sharply with the Sensex's decline of 0.26%. Over the past week, Delton Cables has surged by 20.43%, while the Sensex has dipped by 0.31%. The stock's performance over the last month shows a remarkable increase of 25.85%, compared to a modest 1.40% rise in the Sensex.
Notably, Delton Cables has been on a consecutive gaining streak for the last 13 days, accumulating a total return of 40.27% during this period. The stock opened today with a gap up of 3.8% and reached an intraday high of Rs 791.85, reflecting a 5% increase.

In terms of moving averages, Delton Cables is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a strong upward trend. The stock's impressive performance over various time frames, including a staggering 1789.86% increase over three years and 3132.04% over five years, highlights its robust market position in the Other Electrical Equipment industry.