NLC India shares: PSU Stock saw sharp decline by 3% on 3 Apr, amid two consecutive gains
The stock's performance as of 3 April, 2025 underperformed the sector by 2.26%, with an intraday low of Rs 242.8, reflecting a 3% decrease.
Lignite PSU firm, NLC India Ltd., extensively engaged in the power generation and distribution sector has witnessed a decline of 3.12% on April 4, 2025. This came amid two consecutive days of gains, indicating a potential trend reversal.
The stock's performance as of 3 April, 2025 underperformed the sector by 2.26%, with an intraday low of Rs 242.8, reflecting a 3% decrease.
With a decline of 562.09 points to 75,598.00, or 0.91%, the Sensex is also having difficulties in the larger market context. There is a bearish sentiment in the market as the Sensex is trading below both its 50-day and 200-day moving averages.
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NLC India has outperformed the Sensex, which has gained 3.54% over the last month, with a positive performance of 6.59%. But the stock has dropped 3.92% so far this year, which is marginally worse than the Sensex's 3.28% decline. With an outstanding 268.93% increase over the last three years and a 454.24% rise over the last five, NLC India has shown notable growth over the longer term.
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