Why is JK Lakshmi Cem. falling/rising?
As of 24-Sep, JK Lakshmi Cement Ltd's stock price is Rs 862.25, down 1.99%, and has declined 5.49% over the last five days. Despite strong management efficiency and high institutional holdings, concerns about long-term growth and declining profit margins are impacting its performance.
As of 24-Sep, JK Lakshmi Cement Ltd is experiencing a decline in its stock price, currently at Rs 862.25, which reflects a decrease of Rs 17.55 or 1.99%. The stock has underperformed its sector by 0.97% today and has been on a consecutive downward trend for the last five days, resulting in a total decline of 5.49% during this period. Although the stock is trading above its 200-day moving average, it is below its 5-day, 20-day, 50-day, and 100-day moving averages. Despite a significant increase in delivery volume by 190.04% against the 5-day average, the stock's performance over the past month shows a decline of 6.68%, contrasting with a positive return of 11.87% over the past year, although profits have decreased by 20.8% during that time.In the broader market context, the stock's recent performance has been notably weaker compared to the benchmark, with the Sensex showing a decline of only 1.18% over the past week. While JK Lakshmi Cement has demonstrated strong management efficiency and a solid ability to service debt, these positive factors are overshadowed by concerns regarding poor long-term growth, as indicated by modest growth rates in net sales and operating profit over the last five years. The high institutional holdings at 37.92% suggest confidence from larger investors, yet the stock's recent price movement reflects a struggle to maintain momentum amidst broader market challenges and declining profit margins.
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