Tulsyan NEC Hits 52-Week Low Amid Broader Sector Challenges and Declining Performance

Jan 13 2025 12:05 PM IST
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Tulsyan NEC, a microcap in the steel industry, has hit a 52-week low, with its stock underperforming its sector. After an initial gain, it experienced a notable decline, trading below key moving averages. Over the past year, the company has seen a significant drop, contrasting with broader market trends.
Tulsyan NEC, a microcap player in the steel, sponge iron, and pig iron industry, has recently reached a 52-week low, with its stock price just 0.15% away from Rs 67.9 as of January 13, 2025. The stock has been on a downward trajectory, underperforming its sector by 3.56% today and experiencing a consecutive decline over the past two days, leading to a total drop of 5.88%.

Despite an initial gain of 2.69%, the stock peaked at an intraday high of Rs 73.94 before falling to a low of Rs 68, reflecting a decrease of 5.56% during the trading session. Currently, Tulsyan NEC is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating ongoing challenges in its performance.

Over the past year, Tulsyan NEC has faced a significant decline of 36.05%, in stark contrast to the Sensex, which has gained 5.80% during the same timeframe. The broader steel, sponge iron, and pig iron sector has also encountered difficulties, with an overall decline of 2.14%.
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