Likhitha Infrastructure Ltd's Stock Sees Positive Trend, Outperforms Sector on August 19

Likhitha Infrastructure Ltd, a smallcap company in the capital goods industry, saw a positive trend in its stock performance on August 19, 2024. The stock gained 7.38% and closed at Rs 406.05. MarketsMOJO, a leading stock analysis and recommendation platform, has given a 'Hold' call for the stock. On the day of August 19, Likhitha Infrastructure Ltd outperformed its sector by 6.92%, indicating a strong performance. The stock also touched an intraday high of Rs 409.55, which is a 7.71% increase from its previous closing price. However, the stock is currently trading below its 20 day and 50 day moving averages, while it is higher than its 5 day, 100 day, and 200 day moving averages. In comparison to the overall market performance, Likhitha Infrastructure Ltd has shown a significant outperformance. On August 19, the stock's 1 day performance was 6.09%, while the Sensex's performance was only 0.10%. Similarly, in the past month, the stock's performance was -6.19%, while the Sensex's performance was -0.10%. Overall, Likhitha Infrastructure Ltd has shown a positive trend in its stock performance, with a strong outperformance in the market. However, it is important to note that this is not a recommendation to buy or sell the stock, as MarketsMOJO has given a 'Hold' call for the stock. Investors are advised to do their own research and make informed decisions.