Lakshmi Machine Works Hits 52-Week High, Outperforms Sector and Sensex

Jun 26 2024 11:35 AM IST
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Lakshmi Machine Works, a leading textile machinery company, has reached a new milestone with its stock price hitting a 52-week high of Rs. 17700.8 on June 26, 2024. The stock has been performing well, outperforming the sector and consistently gaining for the past two days. It is currently trading higher than its moving averages, indicating a positive trend. With a strong 1-year performance of 37.52%, Lakshmi Machine Works remains a strong player in the midcap industry.

Lakshmi Machine Works, a leading textile machinery company in the midcap industry, has recently reached a new milestone. On June 26, 2024, the company's stock price hit a 52-week high of Rs. 17700.8. This news has been met with a 'Hold' recommendation by MarketsMOJO.

The stock has been performing well, outperforming the sector by 1.8% and gaining 8.18% in the last two days. Lakshmi Machine Works has also been consistently gaining for the past two days. Intraday, the stock reached a high of Rs. 17700.8, showing a 3.12% increase.

Moreover, the company's stock is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for Lakshmi Machine Works.

In comparison to the Sensex performance of 24.57%, Lakshmi Machine Works has shown a strong 1-year performance of 37.52%. This further highlights the company's growth and success in the textile machinery industry.

Overall, Lakshmi Machine Works has shown promising performance and continues to be a strong player in the midcap industry. Investors may want to keep an eye on this company as it continues to reach new heights.
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