Veto Switchgears & Cables Ltd. Hits 52-Week High, Outperforms Sector in Recent Trading Session

Aug 23 2024 01:35 PM IST
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The stock has outperformed the sector and is currently trading above its moving averages, indicating a positive trend. Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high and is currently trading at Rs. 188.85. The stock has shown consecutive gains for the past 3 days and has outperformed the sector by 3.07%. With a strong performance in the past year, the company has potential for future growth.

Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high on August 23, 2024. The stock has been performing well in the market, with a current price of Rs. 188.85. According to MarketsMOJO, the stock has been given a 'Hold' call.

In today's trading session, Veto Switchgears & Cables Ltd. has outperformed the sector by 3.07%. The stock has been on a consecutive gain for the past 3 days and has seen a rise of 15.67% during this period. The intraday high for the stock was Rs. 188.85, showing a 4.22% increase, while the intraday low was Rs. 176.9, with a decrease of 2.37%.

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, Veto Switchgears & Cables Ltd. has shown a strong performance of 39.47%, outperforming the Sensex's performance of 23.90%. This showcases 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 current 'Hold' call from MarketsMOJO, investors may want to keep an eye on this stock for potential future developments.
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