Veto Switchgears & Cables Ltd. Hits 52-Week High, Outperforms Sector and Sensex

Jul 30 2024 01:05 PM IST
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Veto Switchgears & Cables Ltd., a microcap company in the cable industry, reached a 52-week high on July 30, 2024, with a 'Hold' call from MarketsMojo. The stock has been performing well, outperforming the sector by 5.1% and showing a 24.86% increase in returns in the past 7 days. The company's strong performance in the past year, with a 61.77% increase, showcases its potential for growth and success in the market.

Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high on July 30, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On July 30, the stock reached a new high of Rs.173.3, outperforming the sector by 5.1%. It has also been on a consecutive upward trend for the past 7 days, with a 24.86% increase in returns during this period. The intraday high for the day was Rs.173.3, a 5.77% increase from the previous day's close.

Veto Switchgears & 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 market.

In the past year, the company has shown a strong performance with a 61.77% increase, outpacing the Sensex's performance of 23.43%. This showcases the company's potential for growth and success in the cable industry.

Investors and experts are keeping a close eye on Veto Switchgears & Cables Ltd. as it continues to make strides in the market. With its recent 52-week high and positive performance, the company is definitely one to watch in the microcap sector.
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