Landmark Cars Hits Day Low of Rs 563.3 Amid Price Pressure
Landmark Cars has seen a notable decline in its stock performance, underperforming compared to its sector and the broader market. Currently, it is positioned above its 200-day moving average but below several shorter-term averages. Over the past year, the stock has faced challenges, contrasting with the overall market trend.
Landmark Cars has experienced a significant decline today, with the stock dropping by 7.25% to reach an intraday low of Rs 563.3. This performance marks a notable underperformance compared to the broader market, as the stock lagged behind its sector by 6.87%. In terms of moving averages, Landmark Cars is currently positioned above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages, indicating mixed short-term and long-term trends.
Over the past week, the stock has declined by 6.90%, while its performance over the past month shows a decrease of 2.36%. In a broader context, the stock has faced challenges over the past year, with a total decline of 7.44%, contrasting sharply with the Sensex, which has gained 8.76% during the same period.
As the market continues to evolve, Landmark Cars remains a small-cap player in the automobile industry, navigating through a fluctuating financial landscape.
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