Neueon Towers Hits 52-Week Low, Underperforms Market with -32.78% Returns in 8 Days

Neueon Towers, a microcap company in the transmission towers industry, has recently hit a 52-week low on June 12, 2024. The stock has been on a downward trend for the past 8 days, with a consecutive fall of -32.78% in returns during this period. This underperformance has led MarketsMOJO to give a 'Sell' call for the stock.

On June 12, the stock hit a new low of Rs.2.44, which is significantly lower than its 200-day moving average. However, it is still higher than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates that the stock has been on a downward trend in the short term, but has been performing better in the long term.

In comparison to the Sensex, Neueon Towers has had a negative 1-year performance of -26.73%, while the Sensex has shown a positive performance of 22.26%. This further highlights the underperformance of the stock in the market.

It is important to note that this information is based on facts and data provided by the company and does not include any external sources or expert opinions. As a microcap company in the transmission towers industry, Neueon Towers may face challenges in the market, which could be reflected in its stock performance. Investors are advised to do their own research and make informed decisions before investing in the stock.