Recent Price Movement and Market Context
Hathway Cable’s shares have been under pressure recently, hitting a new 52-week low of ₹11.56 on the same day. The stock has declined by 3.7% over the last two days, signalling a continuation of negative momentum. This downward trend is further underscored by the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained bearish sentiment among traders and investors.
In comparison to the broader market, Hathway Cable has significantly underperformed. Over the past week, the stock declined by 3.84%, while the Sensex remained almost flat with a marginal 0.06% gain. The divergence is more pronounced over longer periods, with the stock falling 7.40% in the la...
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