Nahar Polyfilms Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Mar 28 2024 03:35 PM IST
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Nahar Polyfilms, a microcap company in the textile industry, has seen a decline in its stock price, hitting a 52-week low on March 28, 2024. MarketsMojo has given a 'Strong Sell' call due to its underperformance in the sector and consecutive fall in the last 3 days. The stock is currently trading below its moving averages, indicating a downward trend. Despite this, Nahar Polyfilms remains a strong player in the industry.

Nahar Polyfilms, a microcap company in the textile industry, has recently hit a 52-week low on March 28, 2024. This has led to a 'Strong Sell' call by MarketsMOJO. The stock has underperformed the sector by -1.87% and has been on a consecutive fall for the last 3 days, with a -5.26% return during this period. The stock also touched an intraday high of Rs 185.5, showing a 3.29% increase.

Nahar Polyfilms is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a downward trend in its stock price. In the past year, the company's performance has been -21.39%, while the Sensex has shown a positive growth of 27.84%.

Despite the recent dip in stock price, Nahar Polyfilms remains a strong player in the textile industry. However, investors should carefully consider their options before making any investment decisions. This information is based on facts and does not include any external data or sources.
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