Tinna Rubber Faces Continued Stock Decline Amid Broader Sector Challenges
Tinna Rubber & Infrastructure has faced notable challenges today, with its stock declining by 7.47% on January 13, 2025. This decline is part of a broader trend, marking the fourth consecutive day of losses, totaling a 12.99% decrease over this period. The stock opened lower, experiencing a gap down of 2.75%, and reached an intraday low of Rs 1245.05, reflecting a drop of 7.61%.Currently, Tinna Rubber is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Over the past month, the stock has decreased by 8.99%, underperforming against the Sensex, which has seen a decline of 6.52%. This performance underscores the ongoing difficulties faced by Tinna Rubber and the rubber products sector as a whole.
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