Dynamic Cables' Stock Price Soars 7.82%, Outperforming Sector and Market

Dynamic Cables, a smallcap company in the cable industry, has seen a significant increase in its stock price on May 14, 2024. The stock has gained 7.82%, outperforming the sector by 5.63%. MarketsMOJO has given a 'Sell' call for the stock.

The stock has been on a consecutive gain for the last 3 days, with a rise of 31.31% in this period. It also touched an intraday high of Rs 571, showing a high volatility of 5.18%. This volatility is calculated from the weighted average price.

In terms of moving averages, Dynamic Cables is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock.

In comparison to the overall market performance, Dynamic Cables has outperformed the Sensex by a significant margin. On a 1-day basis, the stock has gained 9.73% while the Sensex has only seen a 0.18% increase. Similarly, on a 1-month basis, the stock has gained 38.55% while the Sensex has declined by -1.80%.

Overall, Dynamic Cables has shown strong performance in the market, with a positive trend and outperforming the sector and the overall market. Investors should keep an eye on this smallcap company in the cable industry.