Tamil Nadu Petro Products Hits 52-Week Low Amid Broader Industry Decline

Feb 28 2025 10:06 AM IST
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Tamil Nadu Petro Products has reached a new 52-week low of Rs. 68 amid a downward trend, losing 4.98% over two days. Despite outperforming its sector slightly, the stock remains below key moving averages, reflecting ongoing challenges in the competitive petrochemical market, with a year-to-date decline of 26.05%.
Tamil Nadu Petro Products has experienced significant activity today, reaching a new 52-week low of Rs. 68. This marks a notable decline as the stock has been on a downward trend, losing 4.98% over the past two days. Today's performance saw the stock outperforming its sector by 0.49%, despite the broader petrochemical industry facing a decline of 2.8%.

The stock's intraday low was recorded at Rs. 68, reflecting a decrease of 2.52% during trading. In terms of moving averages, Tamil Nadu Petro Products is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained bearish trend.

Over the past year, the company's performance has been challenging, with a decline of 26.05%, contrasting sharply with the Sensex, which has seen a modest gain of 1.79%. This performance highlights the ongoing struggles faced by Tamil Nadu Petro Products within the competitive petrochemical landscape.
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