Relicab Cable Manufacturing Ltd's Stock Reaches All-Time High, Outperforms Sector

Relicab Cable Manufacturing Ltd, a microcap company in the cable industry, has recently seen its stock price reach an all-time high on September 19, 2024. According to MarketsMOJO, a leading stock analysis and recommendation platform, the current stock call for Relicab Cable is 'Sell'.

Despite being only 2.67% away from its 52-week high of Rs 154, Relicab Cable has outperformed its sector by 1.04% in today's trading session. The stock has also been on a consecutive gain for the last 2 days, with a 1.08% increase in returns during this period. Additionally, Relicab Cable is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in its stock price.

In the past year, Relicab Cable has shown a remarkable performance with a 62.05% increase in its stock price, while the Sensex has only seen a 23.02% growth. This showcases the company's strong performance and potential for growth in the cable industry.

As a microcap company, Relicab Cable Manufacturing Ltd may not be on the radar of many investors, but its recent stock price performance and positive trend make it worth keeping an eye on. With its consistent gains and outperformance in the sector, Relicab Cable is definitely a company to watch in the cable industry.