Universal Cables Hits New 52-Week High of Rs. 910.95
Universal Cables has achieved a new 52-week high of Rs. 910.95, reflecting strong performance in the cables and electricals sector. The stock has increased significantly over the past five days and is trading above key moving averages, indicating a robust upward trend. The broader market also shows positive momentum.
Universal Cables has reached a significant milestone by hitting a new 52-week high of Rs. 910.95 today, marking a notable achievement for the small-cap company in the cables and electricals industry. This new high reflects a robust performance, as the stock has outperformed its sector by 1.84% and has shown a remarkable 24% increase over the past five days.The stock opened with a gain of 4.31% today and reached an intraday high of Rs. 910.95, representing a 5.92% increase during the trading session. Additionally, Universal Cables is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong upward trend in its price performance.
In the broader market context, the Sensex has also shown positive movement, trading at 84,729.71, just 0.66% away from its own 52-week high. The small-cap segment is leading the market, with the BSE Small Cap index gaining 0.51% today. Over the past year, Universal Cables has delivered an impressive return of 44.12%, significantly outperforming the Sensex, which has risen by 9.22%.
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