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

Jul 25 2024 03:35 PM IST
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Veto Switchgears & Cables Ltd., a microcap company in the cable industry, hit a 52-week high on July 25th, 2024. The stock has been performing well, with a 'Hold' call from MarketsMojo. It opened with a loss of -7.25% but quickly rebounded and has seen a 14.26% increase in returns in the last 4 days. The stock has also been highly volatile but is currently trading higher than its moving averages. In the past year, it has shown a strong performance of 48.51%, indicating its growth and potential in the market.

Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high on July 25th, 2024. The stock has been performing well in the market, with a 'Hold' call from MarketsMOJO.

On the day of the 52-week high, the stock opened with a loss of -7.25%, but quickly rebounded and reached an intraday high of Rs 158.6, outperforming the sector by 8.49%. The stock has been gaining for the last 4 days and has seen a 14.26% increase in returns during this period.

The stock has also been highly volatile, with an intraday volatility of 5.11%. However, it is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Veto Switchgears & Cables Ltd. has shown a strong performance of 48.51%, compared to the Sensex's performance of 20.62%. This indicates the company's growth and potential in the market.

As a microcap company in the cable industry, Veto Switchgears & Cables Ltd. has shown promising growth and performance in the market. With a 'Hold' call from MarketsMOJO, investors may want to keep an eye on this stock for potential opportunities.
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