LWS Knitwear Hits 52-Week Low Amid Prolonged Underperformance in Textile Sector

Jan 21 2025 09:35 AM IST
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LWS Knitwear has reached a new 52-week low, with its stock price at Rs. 19.19, reflecting a 37.33% decline over the past ten days. The company has underperformed its sector and is trading below key moving averages, indicating ongoing challenges in the competitive textile market.
LWS Knitwear, a microcap player in the textile industry, has reached a new 52-week low, with its stock price hitting Rs. 19.19 on January 21, 2025. This marks a significant downturn, as the company has seen a consecutive decline over the past ten days, totaling a drop of 37.33%.

On the day of this new low, LWS Knitwear underperformed its sector by 5.5%, opening with a gap down of 5%. The stock has remained stagnant at Rs. 19.19 throughout the day, with an intraday low matching this price. Furthermore, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, highlighting a prolonged period of underperformance.

Over the past year, LWS Knitwear has recorded a decline of 22.31%, contrasting sharply with the Sensex, which has seen a positive performance of 7.84% during the same timeframe. The current trends indicate significant challenges for the company in the competitive textile market.
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