Kansai Nerolac Paints Hits 52-Week Low Amidst Significant Market Underperformance

Jan 22 2025 10:05 AM IST
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Kansai Nerolac Paints has hit a new 52-week low, with its stock price reaching Rs. 241.35. The company has underperformed its sector and is trading below multiple moving averages, reflecting a consistent downward trend. Over the past year, its performance has declined significantly compared to the Sensex.
Kansai Nerolac Paints has reached a new 52-week low, with its stock price hitting Rs. 241.35 on January 22, 2025. This decline represents a significant downturn for the midcap company, which has underperformed its sector by 1.68% on the same day. The stock's intraday low of Rs. 241.35 reflects a decrease of 2.03%.

In terms of key financial metrics, Kansai Nerolac Paints is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a consistent downward trend. Over the past year, the company's performance has declined by 29.16%, contrasting sharply with the Sensex, which has seen a positive return of 6.64%. This performance gap underscores the challenges faced by Kansai Nerolac Paints in the current market environment.
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