Kansai Nerolac Paints Hits 52-Week Low Amid Ongoing Market Challenges

Jan 15 2025 02:35 PM IST
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Kansai Nerolac Paints has hit a new 52-week low, with its stock price at Rs. 241.5 on January 15, 2025. The company has experienced a significant decline over the past year, contrasting sharply with the Sensex's gains, and is currently trading below multiple moving averages.
Kansai Nerolac Paints has reached a new 52-week low, with its stock price falling to Rs. 241.5 on January 15, 2025. This decline represents a significant downturn for the midcap company, which has seen a consecutive drop over the past six days, totaling a decrease of 6.8%.

Currently, Kansai Nerolac is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the market. Over the past year, the company's performance has been notably poor, with a decline of 27.98%, in stark contrast to the Sensex, which has gained 4.43% during the same period. As the company faces these challenges, its performance will be closely monitored by market participants.
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