Power Cable Breakout Stock: Small-Cap Multibagger Stock Breakout of Cup Pattern with Robust Volumes, Hits Fresh 52-Week High

On Tuesday, May 5, 2026, Indian equity markets traded under pressure, with the Nifty 50 slipping below the important psychological level of 24,000. However, the broader market showed relative strength, as the Nifty Smallcap 100 traded in the green and outperformed the frontline index.

Among Small-Cap stocks, Universal Cables Limited stood out after witnessing strong buying interest during the session.

Universal Cables Share Price Gains Over 5 Per Cent to 52-week high

Universal Cables share price jumped over 5 per cent on Tuesday. With this move, the stock recorded a breakout and touched a fresh 52 week high.

Universal Cables Breakout of Cup Pattern

The stock has broken out of a 23 week cup pattern, supported by strong volumes. Weekly volume stood at more than three times its 10 week average volume of 5.22 lakh shares, indicating higher participation in the direction of the prevailing trend.

Technical Indicators Show Strong Momentum

The stock’s Relative Strength line has moved to a new high, highlighting its outperformance against the broader market. It is also trading above all key short term and long term moving averages, which suggests that the trend remains positive.

The Bollinger Bands have started expanding across time frames, pointing towards rising momentum. The stock is currently trading 34.99 per cent above its 50 DMA, while the moving average ribbon remains in an uptrend.

On the momentum front, the daily MACD is pointing northwards and continues to trade above its nine period average, supporting the positive bias. The weekly RSI has moved above the 60 mark, while the 14 period RSI has shifted into a super bullish range.

multibagger Returns

Universal Cables share price has delivered multibagger returns over the last one year, gaining more than 104 per cent. Over the last three years, the stock has risen by 161 per cent, rewarding long term investors with strong price appreciation.

About Universal Cables Limited

Universal Cables Limited is part of the MP Birla Group and is engaged in the manufacturing of power cables and capacitors for the power industry. The company also manufactures rubber cables for original equipment manufacturers and caters to industries such as Railways, steel plants, petrochemical plants, cement plants, oil rig manufacturing, shipbuilding, mining and telecom.

Its power cables are marketed under the brand UNISTAR. The company has a technical collaboration with FECL in the EHV cable segment and uses VCV technology for power cables and Pressurised Liquid Salt Bath Curing technology for rubber cables.

Apart from manufacturing power cables for various applications, Universal Cables also has a dedicated EPC team that executes turnkey contracts for utilities and projects in the EHV segment.

Disclaimer: This article is for informational purposes only and not investment advice.