Recent Price Movement and Market Performance
The stock has been under pressure in recent sessions, recording a consecutive four-day decline that has resulted in a 6.81% loss over the past week. This underperformance is more pronounced than the benchmark Sensex, which fell by only 1.77% during the same period. Year-to-date, the stock has declined by 12.67%, significantly lagging the Sensex’s 3.89% drop. The intraday low of ₹92 on 21-Jan marks a 2.54% decrease for the day, signalling persistent selling pressure.
Technical indicators also point to bearish momentum. Tamil Nadu Petro Products is trading below all major moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This suggests that short-term sentiment remains weak and that the stock ...
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