Universal Cables hits 52 week high, stock surges over 5%

Universal Cables share price surged over 5% on Tuesday and touched a fresh 52-week high after breakout from a 23-week cup pattern with weekly volume at more than 3x of 10-week average 5.22 lakh shares. The stock is trading 34.99% above 50 DMA and has delivered over 104% return in one year.