LWS Knitwear Hits New 52-Week Low Amid Sustained Downward Trend

Dec 27 2024 03:05 PM IST
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LWS Knitwear has recently undergone a revision in its score, reflecting ongoing challenges in the textile sector. The stock has reached a new 52-week low and has underperformed significantly compared to the broader market. Additionally, it has been added to MarketsMojo's list, highlighting its current struggles.
LWS Knitwear, a microcap player in the textile industry, has recently reached a new 52-week low, with shares trading at Rs. 22.5 as of December 27, 2024. This decline marks a significant downturn for the company, which has underperformed its sector by 3.94% today alone. Over the past two days, the stock has experienced a consecutive fall, resulting in a total decline of 6.17%.

The company's performance over the past year has also been challenging, with a decrease of 24.06%, contrasting sharply with the Sensex, which has seen a positive return of 9.32% during the same period. Additionally, LWS Knitwear is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a sustained downward trend in its stock price.

As LWS Knitwear navigates these market challenges, its position within the textile industry remains under scrutiny, reflecting broader trends affecting microcap stocks in the current economic landscape.
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