Delton Cables' Stock Reaches All-Time High, Outperforms Sector and Market

Nov 20 2024 09:20 AM IST
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Delton Cables, a microcap company in the cable industry, has reached an all-time high stock price on November 20, 2024. It has outperformed the sector by 3.73% and has been on a consecutive gain for the last 3 days, with a 12.44% increase in returns. The stock is currently rated as a 'Hold' and has been trading above its moving averages, indicating a positive trend. Delton Cables has also shown a significant increase in performance compared to the overall market.

Delton Cables, a microcap company in the cable industry, has recently seen its stock price reach an all-time high on November 20, 2024. According to MarketsMOJO, the stock is currently rated as a 'Hold'.

The stock has been performing well, with a new 52-week high of Rs.775.85 being hit today. It has also outperformed the sector by 3.73% and has been on a consecutive gain for the last 3 days, with a 12.44% increase in returns during this period. Additionally, the stock opened with a gain of 4.99% today and reached an intraday high of Rs.775.85.

Delton Cables has been trading in a narrow range of Rs.3.65 and is currently higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the company's stock.

In terms of performance, Delton Cables has shown a significant increase of 275.17% in the last year, while the Sensex has only seen a 17.91% increase. This showcases the strong performance of the company in comparison to the overall market.

Overall, Delton Cables has been showing promising growth and its recent all-time high is a testament to its success in the cable industry. Investors may want to keep an eye on this microcap company as it continues to perform well in the market.
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