Why is Lak. Electrical falling/rising?
As of 08-Jul, Lakshmi Electrical Control Systems Ltd's stock price is Rs 1,180.00, down 0.73%, with a total decline of 2.64% over the last two days. Despite a positive return of 9.21% over the past week, the company has reported negative results for six consecutive quarters, raising concerns about its long-term viability.
As of 08-Jul, Lakshmi Electrical Control Systems Ltd is experiencing a decline in its stock price, currently at Rs 1,180.00, which reflects a decrease of Rs 8.7 or 0.73%. The stock has underperformed its sector by 1.32% today and has been on a downward trend for the last two days, resulting in a total decline of 2.64%. Despite touching an intraday high of Rs 1,214.95, the stock's performance over the past week shows a positive return of 9.21%, and it has gained 18.24% over the past month. However, the company has reported negative results for the last six consecutive quarters, with a significant drop in profitability indicated by a low return on equity (ROE) of 5.08% and a decline in profits by 72.3% over the past year. Broader Market Context: In comparison to the benchmark Sensex, which has seen a minimal increase of 0.02% over the past week, Lakshmi Electrical's short-term performance is notably stronger. However, the stock has underperformed the broader market over the last year, with a return of -22.89% compared to the Sensex's gain of 4.69%. The company's low debt-to-equity ratio and majority non-institutional shareholders suggest some stability, but the overall poor management efficiency and declining sales growth raise concerns about its long-term viability, contributing to the current downward pressure on the stock price.
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