Seshasayee Paper & Boards Ltd's Stock Sees Decline in Line with Industry Performance
Seshasayee Paper & Boards Ltd, a smallcap company in the paper and paper products industry, saw a decline in its stock price today. The stock opened with a loss of -6.91% and has been on a downward trend for the past two days. The company's stock is currently trading higher than its 100 day moving average, but lower than its 5, 20, 50, and 200 day moving averages. MarketsMojo has given a 'Sell' call for the stock, while the overall sector has fallen by -2.33%.
Seshasayee Paper & Boards Ltd, a smallcap company in the paper and paper products industry, saw a decline in its stock price today. According to MarketsMOJO, the stock opened with a loss of -6.91% and touched an intraday low of Rs 324.9 (-6.91%). The stock has been on a downward trend for the past two days, with a fall of -4.54% in this period.
The company's stock performance today was in line with the overall sector performance, as the Paper & Paper Products industry has fallen by -2.33%. However, Seshasayee Paper & Boards Ltd's stock is currently trading higher than its 100 day moving average, but lower than its 5 day, 20 day, 50 day, and 200 day moving averages.
In comparison to the Sensex, Seshasayee Paper & Boards Ltd's stock performance in the past day and month has been -2.55% and -4.84% respectively, while the Sensex has seen a decline of -1.96% and -0.75% in the same periods.
Based on these factors, MarketsMOJO has given a 'Sell' call for Seshasayee Paper & Boards Ltd's stock. Investors should keep an eye on the company's performance in the coming days to make informed decisions about their investments.
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