Sundaram Multi Pap Hits 52-Week Low Amid Persistent Market Challenges

Jan 13 2025 10:05 AM IST
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Sundaram Multi Pap, a microcap in the printing and stationery sector, has hit a new 52-week low, with its stock price declining significantly over the past year. The company has struggled against a backdrop of market challenges, reflected in its performance relative to the benchmark Sensex.
Sundaram Multi Pap, a microcap player in the printing and stationery sector, has reached a new 52-week low, with its stock price falling to Rs. 2.31 on January 13, 2025. This decline represents a notable downturn, as the stock has experienced a consecutive drop over the past two days, totaling a decrease of 4.8%.

Over the past year, Sundaram Multi Pap has faced significant challenges, with its stock declining by 20.74%, contrasting sharply with the benchmark Sensex, which has gained 5.89% in 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 persistent bearish trend. These performance indicators highlight the difficulties the company is encountering in the current market landscape.
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