Why is Lakshya Powertec falling/rising?
As of 03-Jul, Lakshya Powertech Ltd's stock price is Rs. 145.75, down 0.24%, and has reached a 52-week low of Rs. 144.85. The stock has significantly underperformed, with a year-to-date decline of 55.93%, contrasting with the broader market's gains.
As of 03-Jul, Lakshya Powertech Ltd's stock price is currently at Rs. 145.75, reflecting a decrease of Rs. 0.35 or 0.24%. The stock has recently hit a new 52-week low of Rs. 144.85 today and has underperformed its sector by 1.42%. Over the past week, the stock has declined by 6.90%, and it has seen a significant drop of 12.30% over the past month. Additionally, it has experienced a year-to-date decline of 55.93%. Despite these negative movements, there has been a notable increase in investor participation, with delivery volume rising by 360.94% against the 5-day average, indicating some interest in the stock despite its poor performance.In the broader market context, the Sensex has shown a relatively stable performance, gaining 3.52% over the past month and 7.45% year-to-date, contrasting sharply with Lakshya Powertech's significant declines. The stock's performance is notably weaker than the benchmark, which has risen by 4.61% over the past year. This divergence suggests that while the overall market is experiencing growth, Lakshya Powertech is struggling to attract investor confidence, as indicated by its consistent underperformance against both the sector and the broader market indices.
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