Star Paper Mills hits 52-week low, underperforms in struggling paper industry

Star Paper Mills ., a microcap company in the paper and paper products industry, has recently hit a 52-week low on October 22, 2024. This news comes as the stock has been underperforming in the market, with a 'Strong Sell' call from MarketsMOJO. The stock's price summary shows that it has fallen by -1.68% compared to the sector's performance. In fact, it has been on a downward trend for the past two days, with a -7.08% return during this period. The stock also touched an intraday low of Rs 199.05, which is a -5.44% decrease. In terms of moving averages, Star Paper Mills is currently trading below the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock. The paper and paper products sector as a whole has also seen a decline of -3.44%, further highlighting the struggles of Star Paper Mills in the market. Looking at the company's performance over the past year, it has seen a -10.96% decrease, while the Sensex has seen a positive growth of 22.67%. This shows that Star Paper Mills has not been able to keep up with the overall market performance. Investors and experts are advised to approach this stock with caution, as it continues to face challenges in the market. With a 'Strong Sell' call from MarketsMOJO and a downward trend in its performance, it may be wise to wait and see how the company fares in the coming months.