Hathway Cable & Datacom's Stock Faces Downward Trend, Given 'Strong Sell' Rating by MarketsMOJO

Hathway Cable & Datacom, a smallcap company in the DTH/Cable industry, has been facing a downward trend in its stock performance. On March 13, 2024, the company's stock lost -7.12%, according to data from MarketsMOJO. The stock has been given a 'Strong Sell' rating by MarketsMOJO.

In terms of price performance, Hathway Cable & Datacom has outperformed the sector by 2.39% today. However, the stock has been on a consecutive fall for the last 3 days, with a total decline of -13.56% during this period. The stock also opened with a loss of -3.85% today and touched an intraday low of Rs 18.94 (-7.7%).

The stock is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a bearish trend. In the DTH/Cable sector, there has been a decline of -8.73%.

Compared to the overall market performance, Hathway Cable & Datacom has underperformed. On a 1 day basis, the stock's performance is -6.53% while the Sensex has only declined by -1.12%. Over the past month, the stock has seen a decline of -19.00% while the Sensex has seen a positive growth of 1.80%.

Investors and experts are advised to closely monitor the performance of Hathway Cable & Datacom in the coming days. With the current downward trend, it is important to keep a close eye on the stock's performance and any potential changes in the DTH/Cable sector.