Universal Cables Ltd. Hits 52-Week High and Receives 'Hold' Call from MarketsMOJO

Universal Cables Ltd., a smallcap company in the cable industry, has recently reached a new milestone. On May 21, 2024, the company's stock price hit a 52-week high of Rs. 653.7. This achievement has been noted by MarketsMOJO, a leading stock market analysis platform, which has given a 'Hold' call for the stock.

According to MarketsMOJO, Universal Cables Ltd. has also been a part of their Hidden Turnaround list since May 18, 2024. This list features companies that have shown significant improvement in their financial performance and are expected to continue on a positive trajectory.

The stock has been performing well in the market, outperforming the sector by 2.48% on the day of the new high. It has also been on a consecutive gain for the past two days, with a 8% increase in returns during this period. The stock opened with a gain of 2.39% today and reached an intraday high of Rs. 653.7, a 6.06% increase from the previous day's close.

Universal Cables Ltd. is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Universal Cables Ltd. has shown a remarkable growth of 66.82%, outperforming the Sensex's performance of 19.65%. This showcases the company's strong performance and potential for future growth.

Overall, Universal Cables Ltd. has been making significant strides in the market and has caught the attention of investors and analysts alike. With a strong performance and positive outlook, the company is definitely one to watch in the cable industry.