Lumax Industries Stock Price Plummets by -7.07% Amidst Negative Market Sentiment

Nov 13 2024 12:35 PM IST
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Lumax Industries, a smallcap company in the auto ancillary industry, has seen a -7.07% decline in its stock price on November 13, 2024. This is due to a consecutive fall in the last 2 days, with a total decline of -9.77%. The stock is currently trading below its moving averages and has underperformed the sector, indicating a negative sentiment in the industry.


Lumax Industries, a smallcap company in the auto ancillary industry, has seen a decline in its stock price by -7.07% on November 13, 2024. This has led to a 'Strong Sell' call by MarketsMOJO.

The stock has underperformed the sector by -4.48% today and has been on a consecutive fall for the last 2 days, with a total decline of -9.77%. The stock also touched an intraday low of Rs 2290, showing a decrease of -7.15%.

Lumax Industries is currently trading below its 5 day, 20 day, 50 day, 100 day, and 200 day moving averages, indicating a downward trend in its stock price.

In the auto ancillary sector, there has been a decline of -2.41%, further highlighting the negative sentiment in the industry.

Comparing the performance of Lumax Industries with the overall market, the stock has seen a decline of -6.28% in the last 1 day, while the Sensex has only seen a decrease of -0.62%. In the last 1 month, Lumax Industries has seen a decline of -6.49%, while the Sensex has seen a decrease of -3.92%.

With these numbers, it is clear that Lumax Industries is currently facing a downward trend in its stock price. Investors should carefully consider their options before making any decisions regarding this stock.
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