Why is Lakshmi Engg. falling/rising?
As of 29-Oct, Lakshmi Engineering & Warehousing Ltd's stock price is Rs 2,201.00, down 2.62%, and has underperformed its sector and the broader market significantly. The stock is in a bearish trend, trading below all key moving averages, with declining investor participation and negative returns over various time frames.
As of 29-Oct, Lakshmi Engineering & Warehousing Ltd is experiencing a decline in its stock price, currently at Rs 2,201.00, which reflects a decrease of Rs 59.2 or 2.62%. The stock has underperformed its sector by 3.61% today, and it has touched an intraday low of Rs 2,201. The company is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 18.75% compared to the 5-day average. The stock's performance over the past week shows a decline of 6.60%, and it has also underperformed in the longer term, with a 1-month return of -11.78% and a year-to-date return of -10.13%. Unfortunately, there is no information available regarding positive or negative factors impacting the stock.In the broader market context, the Sensex has shown resilience with a 0.68% increase over the past week, contrasting sharply with Lakshmi Engineering's decline. Over the past month, while the Sensex has gained 5.76%, Lakshmi Engineering has lost 11.78%, highlighting a significant underperformance relative to the benchmark. This disparity suggests that broader market conditions are favorable, yet Lakshmi Engineering is struggling to capitalize on this trend, which may be contributing to the stock's downward movement.
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