Laxmi Organic Industries Hits New Low Amid Broader Agrochemical Sector Decline
Laxmi Organic Industries has reached a new 52-week low of Rs. 219, marking a continued decline over three days. The stock is underperforming against various moving averages and is part of a broader downturn in the pesticides and agrochemicals sector, which has seen a 2.5% decline.
Laxmi Organic Industries has experienced significant downward momentum, reaching a new 52-week low of Rs. 219 on January 13, 2025. This decline is part of a broader trend, as the stock has fallen consecutively over the past three days, totaling a decrease of 5.58%. On the trading day, it recorded an intraday low of Rs. 219, reflecting a 2.86% drop.The stock's performance is currently trailing behind its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. This downturn is occurring within a challenging environment for the pesticides and agrochemicals sector, which has seen an overall decline of 2.5%. Over the past year, Laxmi Organic Industries has faced a notable performance drop of 22.71%, contrasting sharply with the Sensex's gain of 5.84% during the same period.
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