South India Paper Mills Hits New 52-Week Low at Rs. 73

South India Paper Mills has reached a new 52-week low, hitting Rs. 73 today, marking a significant decline in its market performance. This drop comes as the stock has underperformed its sector by 2.72%, continuing a downward trend with a 7.48% decrease over the past three days. The stock also recorded an intraday low of Rs. 73, reflecting a 4.67% decline for the day.
In the broader market context, the Paper & Paper Products sector has seen a decrease of 2.12%, contributing to the challenges faced by South India Paper Mills. The company's performance over the past year has been notably weak, with a decline of 27.72%, contrasting sharply with the Sensex's decline of 6.09% during the same period.

The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained period of underperformance. Additionally, the company's long-term fundamentals show a negative growth trajectory, with a 13.96% CAGR decline in operating profits over the last five years. Promoter confidence appears to be waning, as evidenced by a 1.35% reduction in their stake in the company.