News and Views
Recent Price Movement and Market Context
Universal Cables’ share price has slipped by ₹21.10 on 25-Nov, marking a continuation of a downward trend over the past three days, during which the stock has lost approximately 7.79%. The intraday low touched ₹900, representing a 2.62% decline from the previous close. This short-term underperformance contrasts with the stock’s broader market outperformance, as it has delivered a 28.31% return over the past month and an impressive 47.94% gain over the last year. These returns significantly outpace the Sensex, which has risen by only 0.45% in the last month and 5.59% over the year.
Despite the recent dip, Universal Cables remains well above its 20-day, 50-day, 100-day, and 200-day moving averages, signalling that the longer-term ...
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