Why is Lak. Prec. Screw falling/rising?
As of 15-Sep, Lakshmi Precision Screws Ltd's stock price has declined to 5.32, down 15.02%, with erratic trading and a significant drop in investor participation. Despite being above longer-term moving averages, it is underperforming compared to the broader market, which has seen modest gains.
As of 15-Sep, Lakshmi Precision Screws Ltd is experiencing a decline in its stock price, currently at 5.32, which represents a decrease of 0.94 or 15.02%. The stock has shown erratic trading patterns, having not traded on 4 out of the last 20 days. Additionally, while the stock's price is higher than the 100-day and 200-day moving averages, it is lower than the 5-day, 20-day, and 50-day moving averages. There has been a significant drop in investor participation, with delivery volume on September 8 falling by 98.8% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In terms of broader market context, the stock's performance cannot be directly compared to the benchmark as the returns for the stock over the specified periods are not available. However, the Sensex has shown a modest increase of 1.20% over the past week and 1.78% over the past month, indicating a generally positive market trend. Despite this, Lakshmi Precision Screws Ltd's significant decline suggests that it is underperforming relative to the broader market, which may be contributing to the downward pressure on its stock price.
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