Why is Cords Cable falling/rising?

Sep 04 2025 09:55 PM IST
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As of 04-Sep, Cords Cable Industries Ltd is priced at 176.00 with no change, underperforming its sector and showing declines in both stock price and investor participation. Despite a negative return over the past year, the company has reported consistent profit growth, suggesting it may be undervalued.
As of 04-Sep, Cords Cable Industries Ltd is currently priced at 176.00, with no change in price (0.00%). The stock has underperformed its sector by 0.93% today and is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, there has been a significant decline in investor participation, with delivery volume dropping by 30.51% compared to the 5-day average. Over the past week, the stock has decreased by 1.04%, and it has seen a decline of 3.83% over the past month, while its year-to-date performance shows a substantial drop of 15.99%. Despite these declines, the company has reported positive financial results over the last seven consecutive quarters, with a notable growth in profit after tax and net sales, indicating strong underlying performance.

In the broader market context, the Sensex has increased by 0.80% over the past week, contrasting with Cords Cable's decline, which highlights its underperformance relative to the market. While the stock has generated a negative return of 17.37% over the past year, its profits have risen significantly, suggesting that the stock may be undervalued compared to its peers, as indicated by a PEG ratio of 0.4. This discrepancy between stock performance and profit growth may contribute to investor hesitation, despite the company's attractive valuation metrics and majority ownership by promoters.
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