Lakhotia Polyesters (India) Hits 52-Week Low, Receives 'Strong Sell' Rating from MarketsMOJO

Lakhotia Polyesters (India), a microcap company in the textile industry, has recently hit a 52-week low on September 12, 2024. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock opened today at Rs.30, which is its new 52-week low. It has underperformed the sector by -3.62% and has been on a downward trend for the past 3 days, with a loss of -6.28% during this period. The stock has also shown erratic trading behavior, not trading for 3 days out of the last 20 days.

Today, the stock opened with a gap down of -3.23% and touched an intraday low of Rs.30. It has since traded at this price, showing no range. Lakhotia Polyesters (India) is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Lakhotia Polyesters (India) has shown a negative performance of -18.30%, while the Sensex has shown a positive performance of 21.78%. This indicates a significant underperformance by the company compared to the overall market.

Investors should be cautious when considering investing in Lakhotia Polyesters (India) as it has been on a downward trend and has received a 'Strong Sell' call from MarketsMOJO. It is important to do thorough research and analysis before making any investment decisions.