Lux Industries Stock Sees Positive Trend, Outperforms Sector and Recommended as 'Hold' by MarketsMOJO
Lux Industries, a midcap textile company, has gained 5.9% on October 1st, 2024, outperforming the sector by 3.7%. MarketsMojo has given a 'Hold' call, as the company has been on their Hidden Turnaround list since May 31st, 2024. The stock has been on a consecutive rise for 2 days and is currently trading higher than its moving averages.
Lux Industries, a midcap textile company, has seen a positive trend in its stock performance on October 1st, 2024. The stock has gained 5.9% on this day, outperforming the sector by 3.7%. This has led to a 'Hold' call by MarketsMOJO, a leading stock analysis platform.
According to MarketsMOJO, Lux Industries has been a part of their Hidden Turnaround list since May 31st, 2024. This indicates that the company has shown signs of improvement and has the potential for further growth.
In terms of price summary, the stock has been on a consecutive gain for the last 2 days, with a rise of 5.3% in this period. The stock also touched an intraday high of Rs 2170, showing a 5.28% increase. However, it is currently trading higher than its 5-day, 100-day, and 200-day moving averages, but lower than its 20-day and 50-day moving averages.
In comparison to the overall market performance, Lux Industries has outperformed the Sensex by 5.76% in the last 1 day and has shown a negative return of -8.05% in the last 1 month, while the Sensex has gained 0.14% and 2.49% respectively.
Overall, Lux Industries has shown a positive trend in its stock performance and has been recommended as a 'Hold' by MarketsMOJO. Investors can keep an eye on this midcap textile company for potential growth opportunities.
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