Relicab Cable Manufacturing Reaches All-Time High in Stock Price, Showing Strong Growth Potential
Relicab Cable Manufacturing, a microcap company in the cable industry, reached an all-time high in its stock price on September 2nd, 2024. Despite being called a 'Sell' by MarketsMojo, the stock showed strong performance, trading above its moving averages and outperforming the Sensex. This highlights the company's growth and potential in the industry.
Relicab Cable Manufacturing, a microcap company in the cable industry, has recently reached an all-time high in its stock price on September 2nd, 2024. This news comes as the stock call for Relicab by MarketsMOJO is a 'Sell'.
The stock price of Relicab Cable reached a new 52-week high of Rs.154 on the same day, showing a strong performance. However, it underperformed the sector by -1.42% and has seen a trend reversal after two consecutive days of gains.
On September 2nd, the stock also touched an intraday high of Rs.154, showing a 2.33% increase. Additionally, Relicab Cable is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a positive trend.
In comparison to the Sensex performance of 26.21%, Relicab Cable has shown a strong 1-year performance of 60.36%. This showcases the company's growth and potential in the cable industry.
While the stock call for Relicab by MarketsMOJO may be a 'Sell', the recent all-time high in stock price and positive moving averages suggest a promising future for the company. Investors and stakeholders can keep an eye on Relicab Cable Manufacturing as it continues to make strides in the cable industry.
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