The stock closed at ₹544.35, down by 0.74% from the previous close of ₹548.40, with intraday prices ranging between ₹539.15 and ₹555.85. Over the past week and month, Landmark Cars has recorded returns of -10.3% and -13.46% respectively, contrasting with the Sensex’s positive returns of 0.96% and 0.86% over the same periods. Year-to-date and one-year returns also show a negative trend for the stock at -13.18% and -11.09%, while the Sensex posted gains of 8.36% and 9.48% respectively.
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Examining technical indicators, the weekly and monthly MACD readings both indicate a mildly bearish outlook, suggesting momentum is tilting towards selling pressure. Bollinger Bands reinforce this view with bearish signals on both weekly and monthly charts, implying increased volatility and potential downward price movement. Conversely, daily moving averages present a mildly bullish signal, hinting at short-term support levels holding firm. The KST indicator offers a mildly bullish perspective on the weekly timeframe, though monthly data remains inconclusive.
Other technical tools provide a nuanced picture: the weekly Dow Theory signals a mildly bearish trend, while the monthly Dow Theory suggests mild bullishness, reflecting a divergence in intermediate and longer-term market sentiment. On-balance volume (OBV) shows a mildly bearish trend weekly, with no clear trend monthly, indicating volume patterns are not decisively supporting price movements.
Landmark Cars’ market capitalisation grade stands at 3, reflecting its relative size within the automobile sector. The stock’s 52-week high is ₹703.00, while the low is ₹306.05, positioning the current price closer to the upper half of this range. This price positioning, combined with mixed technical signals, suggests investors should carefully monitor momentum shifts and volume trends for clearer directional cues.
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Comparing Landmark Cars’ returns with the broader Sensex index highlights a divergence in performance. While the Sensex has delivered positive returns across one week, one month, year-to-date, and one-year periods, Landmark Cars has recorded negative returns in these intervals. This contrast underscores the importance of evaluating technical parameters alongside broader market trends when assessing stock momentum.
In summary, Landmark Cars is currently navigating a phase of technical adjustment, with momentum indicators signalling a shift from sideways movement to a mildly bearish trend. Mixed signals from MACD, RSI, moving averages, and volume-based indicators suggest that investors should remain vigilant and consider both short-term and longer-term technical factors before making decisions. The stock’s relative underperformance compared to the Sensex further emphasises the need for careful analysis in the context of sector and market dynamics.
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