Delton Cables Ltd Surges 5% Today, Gains 13.67% Over Week Amid Strong Buying Activity

Delton Cables Ltd is currently witnessing significant buying activity, with the stock gaining 5.00% today, contrasting sharply with the Sensex, which has declined by 0.28%. Over the past week, Delton Cables has shown a robust performance, increasing by 13.67%, while the Sensex has dropped by 1.84%. The stock has also demonstrated a strong upward trend over the last month, rising 15.04% compared to a slight decline in the Sensex.
Notably, Delton Cables has experienced consecutive gains for the last four days, accumulating a total return of 16.34% during this period. The stock opened today with a gap up of 4.93% and reached an intraday high of Rs 761.5, reflecting a 5% increase. The intraday low was recorded at Rs 707.3, marking a decrease of 2.48%.

In terms of moving averages, Delton Cables is currently above its 5-day, 20-day, 50-day, and 100-day moving averages, although it remains below the 200-day moving average. This performance indicates a strong short-term trend, contributing to the heightened buying pressure observed in the market.