Tinna Rubber & Infrastructure Ltd's Stock Sees Third Consecutive Day of Decline

Nov 13 2024 09:35 AM IST
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Tinna Rubber & Infrastructure Ltd, a smallcap company in the rubber products industry, experienced a -5.0% decline in its stock price today, underperforming the sector by -3.95%. This marks the third consecutive day of losses for the company, with a total decline of -14.62% in this period. The stock is currently trading higher than its 200 day moving average, but lower than its shorter term moving averages. In comparison to the Sensex, the stock has performed -5.00% in the past day and -19.05% in the past month. While the stock call remains 'Hold', investors should monitor the company's performance and make decisions based on its actual financials.

Tinna Rubber & Infrastructure Ltd, a smallcap company in the rubber products industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -5.0% and underperformed the sector by -3.95%. This marks the third consecutive day of losses for the company, with a total decline of -14.62% in this period.

The stock opened at Rs 1374.55, which was also its intraday low, and has since traded at this price. This indicates that there has been no significant movement in the stock's price throughout the day. However, the stock is currently trading higher than its 200 day moving average, but lower than its 5 day, 20 day, 50 day, and 100 day moving averages.

In comparison to the Sensex, Tinna Rubber & Infrastructure Ltd's stock performance has been -5.00% in the past day and -19.05% in the past month. This is in contrast to the Sensex's performance of -0.05% and -3.37% in the same time periods, respectively.

While the stock call for Tinna Rubber & Infrastructure Ltd remains 'Hold' according to MarketsMOJO, investors may want to keep an eye on the company's performance in the coming days. With no external factors or expert opinions influencing the stock's movement, it is important to base any decisions on the company's actual performance and financials.
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