Neueon Towers Hits 52-Week Low, Underperforms Sector with 7 Consecutive Days of Losses

Neueon Towers, a microcap company in the transmission towers industry, has recently hit a 52-week low on June 11, 2024. The stock has been underperforming the sector, with a -6.18% difference in performance today. This marks the seventh consecutive day of losses for the company, with a significant -29.48% decrease in returns during this period.

The stock's current price of Rs.2.56 is the lowest it has been in the past 52 weeks. However, it is worth noting that Neueon Towers' moving averages are still higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the company's stock.

In comparison to the Sensex, Neueon Towers has had a negative 1-year performance of -23.12%, while the Sensex has shown a positive performance of 22.25%. This further highlights the company's underperformance in the market.

It is important to note that this article is based on factual information and does not include any external data or sources. The stock has been given a 'Sell' call by MarketsMOJO, but it is always advisable to do your own research and consult with a financial advisor before making any investment decisions.