Hathway Cable Hits 52-Week Low Amid Sustained Decline in Stock Performance

Dec 26 2024 09:35 AM IST
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Hathway Cable & Datacom has experienced a revision in its score following a notable decline in stock performance. The company recently reached a new 52-week low, reflecting ongoing challenges in the competitive DTH and cable industry. Additionally, Hathway has been added to MarketsMojo's list, indicating a shift in evaluation amidst its current market position.
Hathway Cable & Datacom has recently reached a new 52-week low, with shares trading at Rs. 13.12 as of December 26, 2024. The small-cap company, operating in the DTH and cable industry, has faced significant challenges, underperforming its sector by 7.07% on the same day. Over the past week, the stock has experienced a consecutive decline, resulting in a total drop of 14.29%.

In terms of moving averages, Hathway Cable is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. The broader DTH and cable sector has also seen a decline, with a decrease of 2.68%.

Looking at the company's performance over the past year, Hathway Cable & Datacom has recorded a significant decline of 30.10%, contrasting sharply with the Sensex, which has gained 10.49% during the same period. This stark difference highlights the challenges faced by Hathway in a competitive market environment.
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