R R Kabel Hits 52-Week Low Amid Broader Cable Industry Decline
R R Kabel has reached a new 52-week low, with its stock price declining significantly over recent days. Despite this downturn, the company's performance today surpassed its sector average. The stock is currently trading below multiple moving averages, reflecting a bearish trend amid cautious market sentiment.
R R Kabel, a midcap player in the cable industry, has reached a new 52-week low, with its stock price hitting Rs. 1313 on January 13, 2025. This decline marks a significant downturn, as the stock has fallen 5.77% over the past four days. Despite this, R R Kabel's performance today outpaced its sector by 1.44%, even as the overall cable industry experienced a decline of 4.57%.The stock recorded an intraday low of Rs. 1313, reflecting a decrease of 3.24%. Currently, R R Kabel is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past year, the stock has declined by 11.31%, contrasting with the Sensex's gain of 5.25% during the same period. The current market sentiment suggests caution surrounding the company.
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