Universal Cables Faces Sustained Downward Trend Amid Broader Market Challenges

Feb 11 2025 09:35 AM IST
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Universal Cables Ltd. has faced notable stock volatility, experiencing a decline for four consecutive days and a total drop of 14.01%. The stock is trading below multiple moving averages and has seen a significant monthly decline, contrasting with the broader market's minor fluctuations.
Universal Cables Ltd., a small-cap player in the cable industry, has experienced significant volatility in its stock performance today, reporting a decline of 7.38% as of February 11, 2025. This downturn marks the fourth consecutive day of losses for the company, accumulating a total decline of 14.01% over this period.

Opening the trading session with a notable gap down of 5.47%, Universal Cables reached an intraday low of Rs 568.8, reflecting a decrease of 7.79%. The stock's performance today has underperformed the broader sector by 6.01%, highlighting ongoing challenges in its market position.

In terms of moving averages, Universal Cables is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend. Over the past month, the stock has seen a steep decline of 26.86%, contrasting sharply with the Sensex, which has only dipped by 0.38%. These metrics underscore the current struggles faced by Universal Cables in a challenging market environment.
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