Lakhotia Polyesters Faces Selling Pressure, Declines 4.98% Amid 44.65% Monthly Loss

Lakhotia Polyesters (India) Ltd is currently facing significant selling pressure, with the stock showing only sellers today. The stock has experienced a consecutive decline over the past four days, resulting in a total loss of 14.53%. Today, it has dropped by 4.98%, significantly underperforming the Sensex, which is down only 0.23%.
In the past week, Lakhotia Polyesters has seen a steep decline of 11.49%, while the Sensex has gained 1.05%. Over the past month, the stock has plummeted by 44.65%, contrasting sharply with the Sensex's modest increase of 0.95%. Despite a strong performance earlier in the year, with a year-to-date gain of 110.05%, the recent trend indicates a troubling shift.

The stock's price summary reveals it touched an intraday low of Rs 85, down 3.85%. While it remains above its 100-day and 200-day moving averages, it is currently below its 5-day, 20-day, and 50-day moving averages. This shift in performance may be attributed to various market dynamics affecting investor sentiment in the garments and apparel sector.