Market Performance and Price Movement
Universal Cables’ share price fell sharply on 17-Dec, underperforming its sector by 4.33% and touching an intraday low of ₹832.05, representing a 7.52% drop from previous levels. The weighted average price for the day indicated that a larger volume of shares traded closer to this low price, signalling selling pressure throughout the session. Notably, the stock’s price remains above its 50-day, 100-day, and 200-day moving averages, suggesting a longer-term uptrend, but it is currently trading below its 5-day and 20-day moving averages, reflecting short-term weakness.
Investor participation also declined, with delivery volumes on 16-Dec falling by 44.36% compared to the five-day average. This reduced investor engagement may have cont...
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