GTPL Hathway Faces Significant Volatility Amid Challenging Market Conditions

Jan 24 2025 09:55 AM IST
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GTPL Hathway, a small-cap entity in the TV Broadcasting & Software sector, has faced notable volatility, reaching a new 52-week low. The stock has consistently declined over the past four days and underperformed its sector, trading below multiple moving averages while maintaining a high dividend yield.
GTPL Hathway, a small-cap player in the TV Broadcasting & Software industry, has experienced significant volatility today, opening with a notable loss of 14.56%. The stock reached a new 52-week low of Rs. 106.2, reflecting a challenging market environment. Over the past four days, GTPL Hathway has consistently declined, accumulating a total drop of 7.58% during this period.

In terms of performance metrics, GTPL Hathway underperformed its sector by 2.96% today, with a one-day decline of 3.46%, compared to the Sensex's modest decrease of 0.20%. Over the past month, the stock has seen a decline of 11.11%, while the Sensex has only fallen by 2.68%.

Additionally, GTPL Hathway is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Despite these challenges, the company maintains a high dividend yield of 3.28% at the current price, which may be of interest to income-focused investors.
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