Why is Dhanlaxmi Crop falling/rising?
As of 14-Nov, Dhanlaxmi Crop Science Ltd's stock price is Rs. 36.50, down 10.98%, and has reached a 52-week low of Rs. 35. The stock is underperforming significantly compared to the market and has shown a bearish trend with decreased investor interest.
As of 14-Nov, Dhanlaxmi Crop Science Ltd is experiencing a decline in its stock price, currently at Rs. 36.50, which represents a decrease of 4.5 or 10.98%. The stock has hit a new 52-week low of Rs. 35 today and has underperformed its sector by 11.99%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also significantly decreased, with a drop of 66.67% compared to the 5-day average, suggesting a lack of investor interest. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader Market Context: In the context of the broader market, Dhanlaxmi Crop's performance has been notably poor, with a 1-week return of -8.75%, while the Sensex has gained 1.64% during the same period. Over the past month, the stock has declined by 9.20%, contrasting sharply with the Sensex's increase of 3.04%. Year-to-date, Dhanlaxmi Crop has plummeted by 49.13%, while the Sensex has risen by 9.58%. This stark difference highlights the stock's underperformance relative to the benchmark, further contributing to the negative sentiment surrounding it.
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