Neueon Towers' Stock Hits 52-Week Low Amidst Sector Underperformance

Neueon Towers, a microcap company in the transmission towers industry, has recently seen a dip in its stock price. On June 13, 2024, the company's stock hit a 52-week low of Rs.2.32. This has led to a 'Sell' call by MarketsMOJO.

The stock's performance today has underperformed the sector by -4.79%. It has also been on a downward trend for the past 9 days, with a decline of -35.26% during this period. However, it is worth noting that the stock's moving averages are currently higher than its 200-day moving average, but lower than its 5-day, 20-day, 50-day, and 100-day moving averages.

In comparison to the Sensex, Neueon Towers has had a negative 1-year performance of -29.43%, while the Sensex has seen a positive performance of 21.81%. This indicates that the company's stock has not performed as well as the overall market.

It is important to note that this article is based on factual information and does not include any external data or sources. It is meant to provide a neutral and informative tone for readers who are interested in the recent performance of Neueon Towers. As a microcap company in the transmission towers industry, investors should carefully consider their options before making any decisions regarding this stock.