Texmo Pipes & Products Hits 52-Week Low Amidst Bearish Trend in Plastic Products Sector

Oct 25 2024 11:05 AM IST
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Texmo Pipes & Products, a microcap company in the plastic products industry, has hit a 52-week low on October 25, 2024. The stock has been underperforming the sector by -1.52% and has been on a downward trend for the past two days, with a -5.34% return. It is currently trading below its moving averages and the sector has also seen a decline. Investors should carefully consider the recent performance and sector trend before making any investment decisions.

Texmo Pipes & Products, a microcap company in the plastic products industry, has recently hit a 52-week low on October 25, 2024. The stock has been underperforming the sector by -1.52% and has been on a downward trend for the past two days, with a -5.34% return during this period. Today, the stock touched an intraday low of Rs 67.34, a decrease of -3.8%.

Texmo Pipes & Products is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The plastic products sector as a whole has also seen a decline of -2.57%.

In comparison to the Sensex, Texmo Pipes & Products has had a negative performance of -6.21% in the past year, while the Sensex has seen a positive growth of 24.08%. MarketsMOJO has given a 'Sell' call for the stock.

Investors should take note of the recent performance of Texmo Pipes & Products and the overall trend in the plastic products sector before making any investment decisions. It is important to do thorough research and consider all factors before making any investment in the stock market.
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