R R Kabel Hits 52-Week Low Amid Sustained Downward Trend in Cable Industry

Jan 20 2025 09:35 AM IST
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R R Kabel, a midcap cable company, has reached a new 52-week low, reflecting a significant downturn. The stock has underperformed its sector and has seen a consecutive decline over the past two days. Its performance over the past year has been disappointing compared to the Sensex.
R R Kabel, a midcap player in the cable industry, has reached a new 52-week low, with its stock price hitting Rs. 1287.35 on January 20, 2025. This decline reflects a significant downturn for the company, which has underperformed its sector by 1.84% today. Over the past two days, R R Kabel has seen a consecutive fall, resulting in a total decline of 2.16% in returns.

The company's performance over the past year has been disappointing, with a decrease of 11.18%, in stark contrast to the Sensex, which has gained 7.32% during the same timeframe. Furthermore, R R Kabel is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its stock performance. This recent activity underscores the challenges R R Kabel faces in the competitive cable industry.
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