Why is Laxmi Dental falling/rising?
As of 10-Jul, Laxmi Dental Ltd's stock price is at 432.80, down 0.98% and underperforming its sector. Despite a recent downturn, the stock has shown a positive return of 6.34% over the past month, outperforming the Sensex.
As of 10-Jul, Laxmi Dental Ltd's stock price is currently at 432.80, reflecting a decrease of 4.3 points or 0.98%. The stock has underperformed its sector by 0.69% today and has experienced a trend reversal, falling after two consecutive days of gains. Additionally, while the stock is trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, there has been a significant drop in investor participation, with delivery volume falling by 60.94% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In terms of broader market context, Laxmi Dental's performance over the past week shows a decline of 1.52%, while the benchmark Sensex has only decreased by 0.06%. This indicates that Laxmi Dental is underperforming relative to the broader market in the short term. However, over the past month, the stock has shown a positive return of 6.34%, significantly outperforming the Sensex's gain of 0.97%. This suggests that while the stock is currently facing a downturn, it has had a stronger performance in the longer term compared to the benchmark.
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