Why is Lak. Prec. Screw falling/rising?
As of 01-Sep, Lakshmi Precision Screws Ltd's stock price has declined to 5.91, down 10.18% over four consecutive days, with a significant drop in delivery volume and erratic trading patterns. Despite being above longer-term moving averages, the stock is underperforming compared to the Sensex, which has seen slight gains recently.
As of 01-Sep, Lakshmi Precision Screws Ltd is experiencing a decline in its stock price, currently at 5.91, which reflects a decrease of 0.67 or 10.18%. The stock has been on a consecutive fall for the last four days, resulting in a significant drop of 18.82% during this period. Additionally, the stock has shown erratic trading patterns, having not traded on five out of the last twenty days. The delivery volume has also seen a drastic decline, falling by 97.13% against the five-day average, indicating a decrease in investor participation. The stock's price is currently higher than the 50-day, 100-day, and 200-day moving averages but lower than the 5-day and 20-day moving averages, suggesting a short-term weakness despite longer-term stability.In the broader market context, the stock's performance over the past week is not available, but the Sensex has decreased by 1.37% during that period. Over the last month, while the Sensex has shown a slight increase of 0.24%, the stock's recent performance contrasts sharply with this benchmark, indicating a relative underperformance. Year-to-date, the Sensex has gained 4.15%, while the stock has not provided comparable data, further highlighting its current struggles. Overall, the combination of falling investor participation, consecutive price declines, and erratic trading behavior contributes to the stock's downward trajectory in a market that is not experiencing significant volatility.
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