Veto Switchgears Hits 52-Week Low Amid Ongoing Microcap Cable Industry Struggles

Mar 03 2025 10:06 AM IST
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Veto Switchgears & Cables has reached a new 52-week low, reflecting a consistent decline over the past six days. The stock has underperformed its sector and shows a significant one-year performance drop, indicating ongoing challenges in the microcap cable industry compared to broader market trends.
Veto Switchgears & Cables has experienced significant activity today, reaching a new 52-week low of Rs. 93.08. This decline marks a notable point in the stock's performance, as it has underperformed its sector by 1.77%. Over the past six days, the stock has consistently fallen, accumulating a total decline of 10.71% during this period.

Today's trading saw Veto Switchgears touch an intraday low of Rs. 93.08, reflecting a decrease of 3.19%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend.

In terms of longer-term performance, Veto Switchgears & Cables has faced challenges, with a one-year performance decline of 34.32%. This contrasts sharply with the Sensex, which has only seen a minor decrease of 1.27% over the same timeframe. The current market position of Veto Switchgears highlights the ongoing struggles within the microcap cable industry.
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