Universal Cables Ltd. Reaches All-Time High with Strong Performance in Cable Industry

Jul 05 2024 02:05 PM IST
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Universal Cables Ltd., a smallcap company in the cable industry, has reached an all-time high price on July 5th, 2024. It has been performing well, with a 'Hold' rating from MarketsMojo and identified as part of the Hidden Turnaround since May 18th, 2024. The stock has outperformed the sector and has been on a consecutive gain for the past 5 days, trading above its moving averages.

Universal Cables Ltd., a smallcap company in the cable industry, has recently reached an all-time high price on July 5th, 2024. The stock has been performing well, with MarketsMOJO giving it a 'Hold' rating. It has also been identified as part of the Hidden Turnaround on MarketsMOJO since May 18th, 2024.

Currently, the stock is trading close to its 52-week high of Rs 798.05, with a 1.79% difference. It has also outperformed the sector by 2.76% in today's trading. The stock has been on a consecutive gain for the past 5 days, with a 12.68% increase in returns during this period. The intraday high for the stock was Rs 784, showing a 3.49% increase, while the intraday low was Rs 742.2, with a -2.03% decrease.

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 past year, the company's performance has been impressive, with a 108.72% increase, compared to the Sensex's 21.91% performance.

Overall, Universal Cables Ltd. has been showing strong performance in the cable industry, with a recent all-time high and positive ratings from MarketsMOJO. Its consistent gains and trading above moving averages also indicate a positive outlook for the company.
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