Hathway Bhawani Cabletel Hits 52-Week Low Amidst Broader Market Gains

Jan 20 2025 01:35 PM IST
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Hathway Bhawani Cabletel & Datacom has hit a new 52-week low, reflecting a challenging year with a 14.24% decline in stock performance. The company's stock is above its 5-day moving average but below longer-term averages, indicating ongoing struggles in the broadcasting and software sectors.
Hathway Bhawani Cabletel & Datacom has recently reached a new 52-week low, with its stock price hitting Rs. 16 on January 20, 2025. This decline is indicative of a challenging year for the company, which has experienced a performance drop of 14.24% over the past year, contrasting with the Sensex's increase of 8.03% during the same timeframe.

In terms of moving averages, Hathway Bhawani's stock is currently above its 5-day moving average but remains below the 20-day, 50-day, 100-day, and 200-day moving averages. This mixed performance trend highlights the company's struggles in both short and long-term perspectives. Stakeholders in the broadcasting and software sectors will be closely monitoring the company's performance as it navigates these market conditions.
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