Neueon Towers Hits 52-Week Low, Underperforming Sector by -5.27%

Neueon Towers, a microcap company in the transmission towers industry, has recently hit a 52-week low on June 7th, 2024. The stock has been underperforming the sector by -5.27% and has been on a downward trend for the past 5 days, with a -22.04% decrease in returns during this period.

On June 7th, the stock reached a new low of Rs.2.83, which is significantly lower than its 100-day and 200-day moving averages. However, it is still higher than its 5-day, 20-day, and 50-day moving averages.

It is worth noting that the stock did not trade on one day out of the last 20 days, indicating some erratic trading behavior.

In comparison to the Sensex performance of 19.41%, Neueon Towers has shown a -15.02% performance in the past year.

MarketsMOJO has given a 'Sell' call for Neueon Towers, suggesting caution for investors. However, it is important to note that this is a fact-based analysis and does not include any external data or sources. As a microcap company, Neueon Towers may be more volatile and susceptible to market fluctuations. Investors should do their own research and consider their risk tolerance before making any investment decisions.