Universal Cables . Sees -8.87% Drop in Stock Price, Remains a Smallcap Company in Cable Industry

Universal Cables ., a smallcap company in the cable industry, saw a decline of -8.87% in its stock price on August 13, 2024. This drop was in line with the overall underperformance of the sector, as the stock fell -8.59% compared to the sector's performance.

According to MarketsMOJO, a leading stock analysis platform, the current stock call for Universal Cables . is 'Hold'. The stock has also been identified as part of the Hidden Turnaround category on MarketsMOJO since May 18, 2024.

The stock opened with a loss of -7.2% today, indicating a trend reversal after two consecutive days of gains. It also touched an intraday low of Rs 691 (-9.7%). However, the stock's moving averages show a positive trend, with the 100-day and 200-day moving averages higher than the 5-day, 20-day, and 50-day moving averages.

In comparison to the overall market performance, Universal Cables . has underperformed, with a -10.03% decline in the past day and a -15.41% decline in the past month. In contrast, the Sensex, India's benchmark index, has only seen a -0.10% decline in the past day and a -1.18% decline in the past month.

Despite the recent decline in stock price, Universal Cables . remains a smallcap company in the cable industry. With a 'Hold' call from MarketsMOJO and its inclusion in the Hidden Turnaround category, investors may want to keep an eye on this stock for potential future developments.