Delton Cables' Stock Hits All-Time High, Outperforms Sector and Sensex

Delton Cables, a microcap company in the cable industry, has been making waves in the stock market with its recent performance. On August 27, 2024, the company's stock price reached an all-time high, hitting Rs.737.15. This has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock's performance today has been impressive, outperforming the sector by 0.84%. It has also been on a winning streak for the past 14 days, with a remarkable 49.52% increase in its value during this period. The stock opened with a gain of 2% today and reached an intraday high of Rs.737.15.

What's even more impressive is that the stock has been consistently trading above its moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This indicates a strong upward trend for Delton Cables.

In comparison to the Sensex, Delton Cables has shown a remarkable 530.85% increase in its performance over the past year, while the Sensex has only grown by 26%. This showcases the company's strong potential and growth in the cable industry.

With its recent surge in stock price and positive performance, Delton Cables is definitely a company to watch out for in the microcap market. Investors can consider adding this stock to their portfolio for potential long-term gains.