Delton Cables Ltd Achieves 32.86% Gain Over 12 Days Amid Market Volatility

Delton Cables Ltd is currently witnessing significant buying activity, marking a notable performance in the market. The stock has gained 5.00% today, contrasting sharply with the Sensex, which has declined by 0.21%. Over the past week, Delton Cables has surged by 16.99%, while the Sensex has only managed a modest increase of 1.01%.
In the last 12 days, Delton Cables has shown a remarkable consecutive gain, accumulating a total return of 32.86%. The stock opened today with a gap down of 3.38%, but quickly rebounded, reaching an intraday high of Rs 750, reflecting a 4.42% increase from the previous close. The intraday low was recorded at Rs 690, indicating some volatility during the trading session.

Delton Cables has consistently outperformed the sector, with a performance today that exceeded sector averages by 3.66%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a strong upward trend. The company's impressive year-to-date performance of 81.74% compared to the Sensex's 8.78% further underscores its robust market position.