Veto Switchgears & Cables Ltd. Hits 52-Week High, Outperforms Sector by 11.54%

Aug 21 2024 01:05 PM IST
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Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has seen a significant increase in its stock price, hitting a 52-week high on August 21, 2024. The stock is currently trading at Rs.183.5, outperforming the sector by 11.54%. The company has also shown strong performance in the past year, outperforming the Sensex.

Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high on August 21, 2024. The stock is currently trading at Rs.183.5, outperforming the sector by 11.54%. This is a significant increase from its previous closing price and the stock opened with a gain of 2.17% today.

The intraday high for Veto Switchgears & Cables Ltd. was Rs.183.5, showing a high volatility of 5.59% calculated from the weighted average price. The stock has been trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.

In the past year, Veto Switchgears & Cables Ltd. has shown a strong performance of 30.44%, outperforming the Sensex's performance of 23.83%. This showcases the company's growth and potential in the cable industry.

MarketsMOJO has given a 'Hold' call for Veto Switchgears & Cables Ltd. This neutral stance suggests that investors should hold onto their current positions in the stock and not make any new investments.

Overall, Veto Switchgears & Cables Ltd. has shown a positive trend in its stock price and performance, making it a promising company in the microcap cable industry.
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