Tamil Nadu Petro Products Hits 52-Week Low Amid Broader Market Gains

Jan 14 2025 09:36 AM IST
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Tamil Nadu Petro Products has reached a new 52-week low, with its stock price declining significantly over the past year. Despite recent signs of recovery, the stock remains below key moving averages, reflecting ongoing challenges in its performance compared to the broader market.
Tamil Nadu Petro Products has recently reached a new 52-week low, with its stock price hitting Rs. 73.1 on January 14, 2025. This decline represents a significant downturn, with the stock experiencing a 29.27% decrease over the past year, contrasting sharply with the Sensex's 5.69% gain during the same timeframe.

Despite these challenges, the stock has shown some signs of recovery, gaining after four consecutive days of decline. On the day it hit its new low, Tamil Nadu Petro Products outperformed its sector by 0.65%. However, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Investors should consider these performance indicators and market conditions when evaluating their positions in the company.
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