Likhitha Infrastructure Faces Significant Stock Decline Amid Broader Market Challenges

Jan 13 2025 02:35 PM IST
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Likhitha Infrastructure, a small-cap company in the capital goods sector, has encountered significant challenges, with its stock declining notably today and over the past month. The stock is currently trading below multiple moving averages, reflecting a bearish trend and underperformance compared to both its sector and the broader market.
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.
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