Hathway Cable & Datacom Ltd's Stock Receives 'Strong Sell' Rating from MarketsMOJO

Hathway Cable & Datacom Ltd, a smallcap company in the DTH/Cable industry, has been in the news recently due to its stock performance. According to MarketsMOJO, the stock has been given a 'Strong Sell' rating, indicating a negative outlook for investors.

The stock opened today with a loss of -6.74%, underperforming the sector by -1.74%. This is the second consecutive day of losses for the stock, with a total fall of -6.31% in the period. It also opened with a gap down of -6.74%, touching an intraday low of Rs 20.06.

While the stock's moving averages are higher than the 200 day moving average, they are lower than the 5 day, 20 day, 50 day, and 100 day moving averages. This suggests a mixed trend for the stock in the short term.

In the DTH/Cable sector, there has been a decline of -4.27%, which could be a contributing factor to the stock's underperformance.

Looking at the stock's performance compared to the Sensex, it has underperformed in the last 1 day and 1 month, with returns of -4.23% and 1.38% respectively, while the Sensex has performed at -1.03% and 1.15%.

Investors should take note of the 'Strong Sell' rating given by MarketsMOJO and carefully consider their investment decisions. It is important to do thorough research and analysis before making any investment, especially in a volatile market.