Recent Price Movement and Sector Context
Tamil Nadu Petro Products Ltd’s stock price has been under pressure over the past month, registering a decline of 12.15%, in stark contrast to the Sensex which gained 2.27% during the same period. This divergence highlights sector-specific challenges impacting the petrochemical space. On the day in question, the stock outperformed its sector peers by 1.16%, as the broader petrochemicals sector fell by 2.97%. However, the stock still experienced a two-day consecutive fall, accumulating a 2.28% loss over this short span.
The intraday low of ₹100.5, representing a 4.19% drop from previous levels, indicates selling pressure intensified during the trading session. The weighted average price suggests that a greater volume of shares tr...
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