Lesha Industries Experiences Revision in Stock Score Amid Ongoing Market Challenges in Q4 2023

Lesha Industries, a microcap player in the steel, sponge iron, and pig iron sector, has recently been the subject of a revision in its score by MarketsMOJO. This adjustment comes in light of the company's recent performance, which has seen it reach a new 52-week low of Rs. 1.41 as of January 9, 2025. The stock has faced significant challenges, underperforming its sector by 2.27% on the same day.
Over the past four days, Lesha Industries has experienced a consecutive decline, totaling 10.76%. This downward trajectory is further underscored by a stark year-over-year performance, with the stock plummeting 62.56%, in stark contrast to the Sensex, which has gained 9.15% during the same period.

Currently, Lesha Industries is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a persistent bearish trend. In light of these factors, the stock has been added to MarketsMOJO's list, reflecting the ongoing challenges and market conditions that the company is navigating. Investors and market watchers will be keen to see how Lesha Industries adapts to these pressures moving forward.