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

Sep 13 2024 02:05 PM IST
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Lakhotia Polyesters (India) Ltd, a microcap company in the textile industry, has hit a 52-week low on September 13, 2024. MarketsMojo has given a 'Strong Sell' call due to the stock's underperformance in the sector, with a decline of -4.81% in today's trading session and -12.21% in the last four days. The stock is currently trading below its moving averages and has shown a negative performance of -26.69% in the past year. Investors should exercise caution and conduct their own research before investing.

Lakhotia Polyesters (India) Ltd, a microcap company in the textile industry, has recently hit a 52-week low on September 13, 2024. This has led to a 'Strong Sell' call by MarketsMOJO, a leading stock market analysis platform.

The stock price of Lakhotia Polyesters (India) Ltd has been on a downward trend, underperforming the sector by -4.81% in today's trading session. It has also been losing for the last four consecutive days, with a significant decline of -12.21% during this period. The stock has shown erratic trading behavior, not trading for two days out of the last 20 days.

Today, the stock opened with a gain of 2.72%, but quickly fell to touch an intraday low of Rs 28.1, a decrease of -4.58%. The intraday high was Rs 30.25, showing a volatile trading session.

Lakhotia Polyesters (India) Ltd is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the stock.

In the past year, the stock has shown a negative performance of -26.69%, while the Sensex has shown a positive performance of 22.96%. This further highlights the underperformance of Lakhotia Polyesters (India) Ltd in the market.

Investors should be cautious while considering this stock, as it has shown a significant decline in its stock price and is currently trading below its moving averages. This news is for informational purposes only and does not constitute any recommendation or advice. Investors are advised to do their own research and analysis before making any investment decisions.
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