Hathway Cable Faces Significant Volatility Amid Ongoing Market Challenges

Hathway Cable & Datacom, a small-cap player in the DTH/Cable industry, has experienced significant volatility today, opening with a loss of 7.83%. The stock reached a new 52-week low of Rs. 12.01, reflecting ongoing challenges in the market. Over the past two days, Hathway has seen a cumulative decline of 9.76%, underperforming its sector, which has dropped by 6.3%.
In terms of performance metrics, Hathway's stock has underperformed the Sensex, with a one-day decline of 7.52% compared to the Sensex's 4.00% drop. Over the past month, Hathway's performance has been similarly disappointing, with a 15.44% decrease against the Sensex's 2.66% decline.

Technical indicators reveal a bearish trend, as the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. The MACD shows a mildly bullish signal on a weekly basis but is bearish monthly, while Bollinger Bands indicate a bearish outlook. With a beta of 1.35, Hathway Cable is classified as a high beta stock, suggesting it is more volatile than the broader market.