Relicab Cable's Stock Reaches All-Time High, Outperforms Sector and Sensex

Sep 02 2024 09:38 AM IST
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Relicab Cable Manufacturing, a microcap company in the cable industry, saw its stock price reach an all-time high of Rs.154 on September 2nd, 2024. Despite underperforming the sector, the stock has been trading above its moving averages, indicating a positive trend. With a strong 1-year performance of 60.36%, Relicab showcases its growth 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.

Despite this, Relicab Cable's stock has been trading higher than 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 26.22%, Relicab Cable has shown a strong 1-year performance of 60.36%. This showcases the company's growth and potential in the cable industry.

It is important to note that this news is based on factual information and does not include any external data or sources. As a microcap company, Relicab Cable's stock performance is closely monitored by investors and analysts. However, it is advised to make investment decisions based on personal research and not solely on stock calls or expert opinions.
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