Star Paper Mills . Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Oct 23 2024 10:05 AM IST
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Star Paper Mills ., a microcap company in the paper and paper products industry, has been on a downward trend, hitting a 52-week low on October 23, 2024. With a 'Strong Sell' call by MarketsMojo and underperforming the sector by -1.46%, investors should be cautious when considering investing in the company.

Star Paper Mills ., a microcap company in the paper and paper products industry, has recently hit a 52-week low on October 23, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Star Paper Mills . has been on a downward trend, underperforming the sector by -1.46% in today's trading session. This marks the third consecutive day of losses for the company, with a total decline of -8.14% in this period. The stock's intraday high was Rs 205.55, a 2.65% increase from its current price.

In terms of moving averages, Star Paper Mills . is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a bearish trend in the stock's performance.

Compared to the Sensex, which has shown a positive performance of 24.54% in the past year, Star Paper Mills .'s performance has been lackluster with a -5.27% decline. This further supports the 'Strong Sell' call by MarketsMOJO.

Investors should be cautious when considering investing in Star Paper Mills ., as the company's stock price has been on a downward trend and is currently trading at a 52-week low. It is important to conduct thorough research and analysis before making any investment decisions.
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