Hathway Cable & Datacom's Stock Surges, Outperforms Sector with Strong Performance

Hathway Cable & Datacom, a smallcap company in the DTH/Cable industry, has recently seen a surge in its stock price. On February 6, 2024, the company's stock reached a 52-week high of Rs.27.9. However, according to MarketsMOJO, the stock is currently rated as a 'Sell'.

In today's trading, Hathway Cable & Datacom has outperformed the sector by 1.67% and has gained for the third consecutive day, with a 13.66% increase in its stock price. The stock also opened with a gain of 2.27% and reached an intraday high of Rs.27.9, a 7.35% increase from its previous close.

The company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend. In the DTH/Cable sector, which has seen a gain of 2.54%, Hathway Cable & Datacom has shown a strong performance.

In the past year, Hathway Cable & Datacom has outperformed the Sensex with a 72.76% increase in its stock price, while the Sensex has only seen a 19.26% increase. This shows the company's strong performance and potential for growth in the industry.

Investors should keep an eye on Hathway Cable & Datacom as it continues to show positive momentum in the market. However, it is important to note that this information is based on facts and should not be considered as a recommendation to buy or sell the stock. As with any investment, it is important to do your own research and consult with a financial advisor before making any decisions.