Midcap Textile Company Lux Industries Sees Decline in Stock Price, Rated as 'Hold' by MarketsMOJO

Oct 22 2024 03:15 PM IST
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The stock has underperformed the sector and various moving averages, indicating a mixed trend. The textile sector as a whole has also seen a decline, which could have contributed to Lux Industries' stock decline.


Lux Industries, a midcap textile company, has recently seen a decline in its stock price. On October 22, 2024, the company's stock lost -5.58% of its value. According to MarketsMOJO, the stock is currently rated as 'Hold'. It has also been identified as part of the Hidden Turnaround on MarketsMOJO since May 31, 2024.

In terms of performance, Lux Industries has underperformed the sector by -1.14% on the day of October 22. The stock has been on a downward trend for the past four days and has seen a decline of -10.24% during this period. On the same day, the stock reached an intraday low of Rs 1852.3, representing a decrease of -5.2%.

When compared to various moving averages, Lux Industries' stock is currently higher than the 200-day moving average but lower than the 5-day, 20-day, 50-day, and 100-day moving averages. This indicates a mixed trend for the stock.

In the textile sector, Lux Industries' stock has fallen by -3.07%. This could be attributed to the overall performance of the sector.

On October 22, Lux Industries' stock performance was -5.58%, while the Sensex performance was -1.21%. Similarly, in the past month, the stock has seen a decline of -15.03%, while the Sensex has seen a decline of -5.18%.

Overall, Lux Industries' stock has seen a decline in its value, and it is currently rated as 'Hold' by MarketsMOJO. Investors should keep an eye on the stock's performance in the coming days to make informed decisions.
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