Likhitha Infrastructure Faces Significant Stock Decline Amid Broader Market Challenges

Likhitha Infrastructure, a small-cap player in the capital goods sector, has faced notable challenges today, with its stock price declining by 7.08%. This drop is part of a broader trend, as the stock has underperformed relative to its sector, which saw a decrease of 3.68%. Over the past three days, Likhitha's stock has experienced a cumulative decline of 10.31%. On this trading day, the stock reached an intraday low of Rs 317.25, marking a decrease of 7.16%. Currently, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. In comparison to the broader market, Likhitha Infrastructure's one-day decline of 6.79% stands in stark contrast to the Sensex, which fell by only 1.29%. Over the past month, the company's stock has dropped by 18.02%, while the Sensex has decreased by 7.01%. These metrics suggest a challenging environment for Likhitha Infrastructure within the capital goods industry.