Tamil Nadu Newsprint & Papers Ltd Hits 52-Week Low, Receives 'Strong Sell' Rating

Nov 14 2024 09:35 AM IST
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Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has hit a 52-week low on November 14, 2024. The stock has been on a downward trend for 6 days and has underperformed the sector by -1.55%. According to MarketsMojo, the stock has a 'Strong Sell' rating due to trading below its moving averages, with a negative return of -39.11% in the past year.


Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has recently hit a 52-week low on November 14, 2024. The stock has been on a downward trend for the past 6 days and has underperformed the sector by -1.55%. Today, the stock price reached a low of Rs.158.35.

According to MarketsMOJO, a leading stock analysis platform, the stock has been given a 'Strong Sell' rating. This is based on the fact that the stock is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In the past year, Tamil Nadu Newsprint & Papers Ltd has seen a negative return of -39.11%, while the Sensex has shown a positive return of 19.81%. This further highlights the underperformance of the company's stock.

It is important to note that this news article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the performance of Tamil Nadu Newsprint & Papers Ltd. As always, it is recommended to do your own research and consult with a financial advisor before making any investment decisions.
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