Why is Lactose (India) falling/rising?
As of 09-Oct, Lactose (India) Ltd's stock price is Rs 120.00, down 2.87%, and has underperformed its sector by 3.81%. The stock has declined 44.42% year-to-date, with significantly reduced trading volume indicating decreased investor interest.
As of 09-Oct, Lactose (India) Ltd is experiencing a decline in its stock price, currently at Rs 120.00, which reflects a decrease of Rs 3.55 or 2.87%. The stock has underperformed its sector by 3.81% today, reaching an intraday low of Rs 118.45, a drop of 4.13%. Additionally, the stock's performance over the past week shows a decline of 5.25%, and it has fallen 6.98% over the past month. The delivery volume has significantly decreased by 76.28% compared to the five-day average, indicating falling investor participation. Notably, while the stock is trading above the 50-day and 100-day moving averages, it is below the 5-day, 20-day, and 200-day moving averages, suggesting a bearish trend. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.Broader market context indicates that Lactose (India) Ltd's performance is lagging behind the benchmark index, Sensex, which has gained 1.47% over the past week and 1.32% over the past month. Year-to-date, the stock has seen a significant decline of 44.42%, while the Sensex has increased by 5.16%. This stark contrast in performance highlights the challenges faced by Lactose (India) Ltd in the current market environment, further exacerbated by the recent drop in trading volume and investor interest.
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