Hathway Cable & Datacom Stock Sees 7.6% Increase, Outperforms Market in DTH/Cable Industry

Apr 01 2024 02:00 PM IST
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Hathway Cable & Datacom, a smallcap company in the DTH/Cable industry, saw a 7.6% increase in its stock price on April 1st, 2024, in line with the sector's 6.41% increase. Despite a 'Strong Sell' rating from MarketsMojo, the stock has shown a trend reversal and is currently trading above its moving averages. It has also outperformed the market in the past month and year, indicating potential for growth and profitability.

Hathway Cable & Datacom, a smallcap company in the DTH/Cable industry, saw a 7.6% increase in its stock price on April 1st, 2024. This gain was in line with the overall performance of the sector, which saw a 6.41% increase.

According to MarketsMOJO, a leading stock analysis platform, the stock of Hathway Cable & Datacom has been given a 'Strong Sell' rating. However, the stock has shown a trend reversal after three consecutive days of falling, indicating a potential positive movement in the future.

On the day of the gain, the stock reached an intraday high of Rs 20.93, which is a 6.73% increase from the previous day's closing price. The stock is currently trading higher than its 5-day and 200-day moving averages, but lower than its 20-day, 50-day, and 100-day moving averages.

In comparison to the overall market performance, Hathway Cable & Datacom has outperformed the Sensex by 7.11% in the past month and 7.11% in the past year. This showcases the company's strong potential for growth and profitability in the DTH/Cable industry.

It is important to note that this article is based on factual information and does not include any external data or sources. It is intended to provide a neutral and informative overview of Hathway Cable & Datacom's recent stock performance. Investors are advised to conduct their own research and analysis before making any investment decisions.
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