Universal Cables sees -7.08% decline in stock price, still outperforms moving averages

Universal Cables ., a smallcap company in the cable industry, has seen a decline in its stock price by -7.08% on August 5th, 2024. According to MarketsMOJO, the stock is currently rated as 'Hold' and has been a part of the Hidden Turnaround list since May 18th, 2024.

In terms of performance, Universal Cables . has underperformed the sector by -4.06% on the day. The stock has also been on a downward trend for the past three days, with a fall of -12.57% during this period. On August 5th, the stock touched an intraday low of Rs 763.7, a decrease of -7.08%.

Despite the recent decline, Universal Cables . is still performing well in comparison to its moving averages. The stock is currently higher than its 50-day, 100-day, and 200-day moving averages, but lower than its 5-day and 20-day moving averages.

In the cable sector, there has been an overall decline of -2.59%. However, Universal Cables . has seen a larger decrease of -6.94% in just one day, compared to the Sensex's performance of -2.72%. Over the past month, the stock has also underperformed the Sensex by -1.38%.

Overall, Universal Cables . has experienced a decline in its stock price, but it is still performing well in comparison to its moving averages. Investors should keep an eye on the stock's performance in the coming days to see if it can bounce back from its recent dip.