Why is Dhanlaxmi Crop falling/rising?
As of 24-Sep, Dhanlaxmi Crop Science Ltd's stock price is Rs 43.00, down 1.15%, and it is underperforming compared to its sector and the broader market. The stock is near its 52-week low and has seen a significant decline in delivery volume, indicating bearish trends and reduced investor interest.
As of 24-Sep, Dhanlaxmi Crop Science Ltd is experiencing a decline in its stock price, currently at Rs 43.00, which reflects a decrease of Rs 0.5 or 1.15%. The stock has underperformed today, falling by 0.91% compared to its sector. It is also trading lower than all its moving averages (5-day, 20-day, 50-day, 100-day, and 200-day), indicating a bearish trend. Additionally, the stock is close to its 52-week low, just 3.84% away from Rs 41.35. The delivery volume has significantly decreased, with a drop of 42.31% against the 5-day average, suggesting a decline in investor participation. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Dhanlaxmi Crop's performance over the past week shows a decline of 2.49%, while the benchmark Sensex has only decreased by 1.08%, indicating that the stock is underperforming relative to the market. Over the past month, the stock has also fallen by 2.27%, contrasting with the Sensex's increase of 0.75%. Year-to-date, Dhanlaxmi Crop has seen a substantial decline of 40.07%, while the Sensex has gained 5.97%. This stark difference highlights the challenges faced by Dhanlaxmi Crop in the current market environment.
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