Lesha Industries Hits 52-Week Low, Underperforms Market in Steel Industry

Oct 11 2024 09:35 AM IST
share
Share Via
Lesha Industries, a microcap company in the steel industry, has hit a 52-week low on October 11, 2024. Despite outperforming the sector by 0.37%, the stock is still trading lower than its moving averages. In the past year, the company's stock has declined by 36.95%, indicating its struggle to keep up with the market.

Lesha Industries, a microcap company in the steel industry, has recently hit a 52-week low on October 11, 2024. This news has caught the attention of investors and market analysts, with MarketsMOJO giving a "Strong Sell" call for the company's stock.

The stock price of Lesha Industries has been on a downward trend, with the latest low of Rs.1.95 being a significant drop from its previous levels. In today's trading, the company has outperformed the sector by 0.37%, but it is still trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.

In the past year, Lesha Industries has seen a decline of 36.95% in its stock performance, while the Sensex has shown a growth of 22.60%. This indicates that the company has not been able to keep up with the overall market trends.

Despite the current low stock price, Lesha Industries remains a player in the steel industry, specifically in the production of sponge iron and pig iron. As a microcap company, it may face challenges in competing with larger players in the market. However, it is important to note that this news article is based on factual information and does not include any future potential, investor interest, or expert opinions.
{{stockdata.stock.stock_name.value}} Live

{{stockdata.stock.price.value}} {{stockdata.stock.price_difference.value}} ({{stockdata.stock.price_percentage.value}}%)

{{stockdata.stock.date.value}} | BSE+NSE Vol: {{stockdata.index_name}} Vol: {{stockdata.stock.bse_nse_vol.value}} ({{stockdata.stock.bse_nse_vol_per.value}}%)


Our weekly and monthly stock recommendations are here
Loading...
{{!sm.blur ? sm.comp_name : ''}}
Industry
{{sm.old_ind_name }}
Market Cap
{{sm.mcapsizerank }}
Date of Entry
{{sm.date }}
Entry Price
Target Price
{{sm.target_price }} ({{sm.performance_target }}%)
Holding Duration
{{sm.target_duration }}
Last 1 Year Return
{{sm.performance_1y}}%
{{sm.comp_name}} price as on {{sm.todays_date}}
{{sm.price_as_on}} ({{sm.performance}}%)
Industry
{{sm.old_ind_name}}
Market Cap
{{sm.mcapsizerank}}
Date of Entry
{{sm.date}}
Entry Price
{{sm.opening_price}}
Last 1 Year Return
{{sm.performance_1y}}%
Related News