Why is Lak. Prec. Screw falling/rising?
As of 28-Oct, Lakshmi Precision Screws Ltd's stock price is declining at 5.22, down 0.76%, and has underperformed its sector by 1.55%. Despite a significant increase in delivery volume, the stock has decreased by 21.86% over the past year, contrasting with the Sensex's 6.56% gain, indicating challenges in attracting investor confidence.
As of 28-Oct, Lakshmi Precision Screws Ltd is experiencing a decline in its stock price, currently at 5.22, which reflects a decrease of 0.04 or 0.76%. The stock has underperformed its sector by 1.55% today and has shown erratic trading patterns, having not traded on one day out of the last 20. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past year, the stock has decreased by 21.86%, while the benchmark Sensex has increased by 6.56%. There is a notable increase in investor participation, with delivery volume rising by 829.15% against the 5-day average, indicating some interest despite the overall negative performance.In the broader market context, the stock's short-term performance over the past week shows a decline of 8.26%, contrasting with the Sensex, which has gained 0.26% during the same period. This underperformance highlights the challenges faced by Lakshmi Precision Screws Ltd in attracting investor confidence compared to the overall market. The lack of available positive or negative factors further complicates the understanding of the stock's recent movements, as no specific catalysts or concerns have been identified to explain the current price trend.
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