Delton Cables' Stock Reaches 52-Week High, Outperforms Sector and Sensex

Delton Cables, a leading player in the cable industry, has recently reached a new milestone as its stock price touched a 52-week high on August 16, 2024. This positive development has caught the attention of investors and market experts, with MarketsMOJO giving a 'Buy' call for the stock.

The stock has been performing exceptionally well, outperforming the sector by 1% and gaining 30.02% in the last 7 days alone. This consistent upward trend has led to the stock opening at Rs. 641 and maintaining this price throughout the day. Delton Cables is also trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong and sustained growth.

In comparison to the Sensex performance of 21.07%, Delton Cables has shown an impressive 430.19% growth in the past year. This showcases the company's strong financials and its ability to thrive in a competitive market.

Delton Cables has established itself as a reliable and innovative player in the cable industry, catering to a wide range of customers with its high-quality products. With its recent stock performance and positive outlook, Delton Cables is definitely a company to watch out for in the microcap space.