Why is Lak. Prec. Screw falling/rising?
As of 19-Nov, Lakshmi Precision Screws Ltd is priced at 6.10 with no change, significantly underperforming its sector with a -97.78% drop today and lower trading volumes. The stock has shown a downward trend, lagging behind the Sensex, which has increased by 9.81% over the past year.
As of 19-Nov, Lakshmi Precision Screws Ltd is currently priced at 6.10, showing no change (0.00%). The stock has underperformed its sector significantly today, with a performance drop of -97.78%. Additionally, the stock has not traded on 4 out of the last 20 days, indicating erratic trading behavior. It is also trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which suggests a downward trend. Furthermore, there has been a notable decline in investor participation, with delivery volume on 18 Nov falling by -98.01% compared to the 5-day average. Year-to-date, the stock has gained only 0.49%, while it has seen a decline of -1.77% over the past year, contrasting sharply with the Sensex, which has increased by 9.81% in the same period.In the broader market context, the stock's short-term return of +2.52% over the past week is better than the Sensex's return of +0.85%, indicating some relative strength. However, this short-term performance is overshadowed by the stock's longer-term returns, which have lagged significantly behind the benchmark, particularly over the 1-year and 3-year periods. The Sensex has outperformed the stock by a considerable margin, with a 9.81% increase over the past year compared to the stock's decline. This disparity highlights the challenges Lakshmi Precision Screws Ltd faces in maintaining investor interest and confidence in a market that is otherwise performing well.
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