Lokesh Machines Faces Significant Volatility Amid Broader Engineering Sector Decline

Jan 28 2025 10:35 AM IST
share
Share Via
Lokesh Machines, a microcap in the engineering sector, has hit a new 52-week low, reflecting significant volatility and a 19.03% decline over the past six days. The stock is underperforming its sector and trading below key moving averages, amid broader challenges in the engineering industry.
Lokesh Machines, a microcap player in the engineering sector, has experienced significant volatility today, reaching a new 52-week low of Rs. 256.75. This decline marks a notable underperformance, as the stock has trailed its sector by 5.56%. Over the past six days, Lokesh Machines has seen a consecutive drop, accumulating a total decline of 19.03% during this period.

Today's trading session saw the stock hit an intraday low of Rs. 256.75, reflecting a decrease of 7.81%. The company's performance metrics indicate that it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a sustained downward trend.

In the broader context, the engineering sector itself has faced challenges, with an overall decline of 2.31%. Over the past year, Lokesh Machines has recorded a performance drop of 25.40%, contrasting sharply with the Sensex, which has gained 7.15% during the same timeframe. These figures highlight the ongoing challenges faced by Lokesh Machines in a competitive market landscape.
{{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