Why is Lak. Prec. Screw falling/rising?
As of 14-Nov, Lakshmi Precision Screws Ltd's stock price is declining at 5.21, down 3.16%, and has underperformed its sector and the Sensex significantly. The stock is trading below all major moving averages and has seen a drastic drop in delivery volume, indicating weak investor interest and a challenging market environment.
As of 14-Nov, Lakshmi Precision Screws Ltd is experiencing a decline in its stock price, currently at 5.21, which reflects a decrease of 0.17 or 3.16%. The stock has underperformed its sector by 2.82% today and has shown erratic trading patterns, not trading on 2 out of the last 20 days. Additionally, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume on 13 November has significantly dropped by 98.01% compared to the 5-day average, suggesting a lack of investor interest. Over the past year, the stock has declined by 16.51%, contrasting sharply with the Sensex, which has increased by 10.10%.In the broader market context, the stock's short-term performance over the past week shows a decline of 4.40%, while the Sensex has gained 1.64%. This stark contrast highlights the stock's underperformance relative to the market. The year-to-date performance of the Sensex is up by 9.58%, further emphasizing the challenges faced by Lakshmi Precision Screws Ltd in attracting investor confidence and participation. Overall, the combination of poor trading volume, consistent underperformance against benchmarks, and a lack of positive factors suggests a challenging environment for the stock.
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