Tamil Nadu Newsprint & Papers Ltd Hits 52-Week Low, Given 'Strong Sell' Rating by MarketsMOJO

Oct 23 2024 09:35 AM IST
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Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has hit a 52-week low on October 23, 2024. The stock has been given a 'Strong Sell' rating by MarketsMojo. It has shown a trend reversal today after 6 consecutive days of fall, but is currently trading lower than its moving averages. The stock has also shown a negative 1-year performance compared to the Sensex. Investors are advised to do their own research before investing.

Tamil Nadu Newsprint & Papers Ltd, a smallcap company in the paper and paper products industry, has recently hit a 52-week low on October 23, 2024. The stock has been given a 'Strong Sell' rating by MarketsMOJO, a leading stock market analysis and research platform.

The stock price of Tamil Nadu Newsprint & Papers Ltd has been on a downward trend, with the latest 52-week low being Rs. 180. However, the stock has outperformed the sector by 1.2% today and has shown a trend reversal by gaining after 6 consecutive days of fall. The stock has also been highly volatile today, with an intraday volatility of 207.23% calculated from the weighted average price.

In terms of moving averages, T N Newsprint is currently trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a bearish trend for the stock.

In comparison to the Sensex performance of 24.25%, Tamil Nadu Newsprint & Papers Ltd has shown a negative 1-year performance of -31.70%. This could be attributed to various factors such as the overall market conditions, industry trends, and company-specific factors.

As a smallcap company in the paper and paper products industry, Tamil Nadu Newsprint & Papers Ltd may face challenges in the current market scenario. Investors are advised to do their own research and consult with a financial advisor before making any investment decisions.
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