Veto Switchgears & Cables Ltd. Hits 52-Week High, Outperforms Sector with Strong Growth

Aug 22 2024 09:35 AM IST
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Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has hit a 52-week high on August 22, 2024. The stock has shown consecutive gains for the last two days, with a rise of 13.68%. Despite high volatility, the stock is trading above its moving averages and has outperformed the Sensex in the past year. MarketsMojo has given a 'Hold' call for the stock.

Veto Switchgears & Cables Ltd., a microcap company in the cable industry, has recently hit a 52-week high on August 22, 2024. The stock has been performing well, with a consecutive gain for the last two days and a rise of 13.68% in that period. Today, the stock has outperformed the sector by 1.25%, reaching an intraday high of Rs.186.55, which is a 3.24% increase from the previous day's close.

The stock has shown high volatility today, with an intraday volatility of 58.08%, calculated from the weighted average price. Despite this, Veto Switchgears & Cables Ltd. is trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend in the stock's performance.

In the past year, Veto Switchgears & Cables Ltd. has shown a strong performance, with a 32.79% increase in its stock price, outperforming the Sensex's performance of 24.35%. This showcases the company's growth and potential in the cable industry.

MarketsMOJO has given a 'Hold' call for Veto Switchgears & Cables Ltd. stock, indicating a neutral stance on the stock. With its recent 52-week high and positive performance, Veto Switchgears & Cables Ltd. is a company to watch out for in the microcap cable industry.
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