JK Lakshmi Cement Hits 52-Week Low, MarketsMOJO Issues 'Sell' Call

Nov 18 2024 10:05 AM IST
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JK Lakshmi Cement, a midcap company in the cement industry, has hit a 52-week low in its stock price on November 18, 2024. MarketsMojo has advised a 'Sell' call due to the stock's downward trend, negative return of -2.78% in the past two days, and underperformance compared to the Sensex. Investors are advised to closely monitor the stock's performance and make informed decisions.


JK Lakshmi Cement, a midcap company in the cement industry, has recently hit a 52-week low in its stock price on November 18, 2024. This has led to a 'Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of JK Lakshmi Cement has been on a downward trend, with today's low of Rs. 686.7 being the lowest in the past 52 weeks. However, the stock has outperformed the sector by 0.31% in today's trading session.

In the past two days, the stock has seen a consecutive fall and has recorded a negative return of -2.78%. Additionally, JK Lakshmi Cement is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In comparison to the Sensex, JK Lakshmi Cement's performance in the past year has been negative, with a return of -14.19% while the Sensex has recorded a positive return of 17.51%. This further supports the 'Sell' call by MarketsMOJO.

Investors and experts are advised to closely monitor the stock's performance and take necessary precautions while making any investment decisions. With the current market conditions and the company's performance, it is important to stay informed and make well-informed decisions.
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