Neueon Towers Hits 52-Week Low, Receives Sell Rating from MarketsMOJO

Neueon Towers, a microcap company in the transmission towers industry, has recently hit a 52-week low on June 6th, 2024. This news has caused some concern among investors, as the stock has been given a "Sell" rating by MarketsMOJO.

The stock is currently trading at Rs.3.12, which is its lowest price in the past year. Today, it underperformed the sector by -5.59%. It is worth noting that the stock did not trade for 2 days out of the last 20 days, indicating some erratic trading behavior.

Despite the recent dip in price, Neueon Towers' moving averages are still higher than its 50-day, 100-day, and 200-day moving averages. However, it is currently lower than its 5-day and 20-day moving averages.

In comparison to the Sensex performance, Neueon Towers has not fared as well in the past year, with a -10.81% performance compared to the Sensex's 19.24% performance.

It is important to note that this article is not making any recommendations or discussing potential future performance. It is simply stating the facts about Neueon Towers' recent stock price and performance. As a microcap company, it is important for investors to carefully consider their options and do their own research before making any investment decisions.