Why is Laxmi Dental falling/rising?
As of 09-Sep, Laxmi Dental Ltd's stock price is Rs 324.00, down 3.07%, and has underperformed its sector by 2.34%. The stock is in a bearish trend, trading below all major moving averages, with a significant decline in delivery volume and a notable drop over the past week and month compared to the benchmark Sensex.
As of 09-Sep, Laxmi Dental Ltd's stock price is currently at Rs 324.00, reflecting a decrease of Rs 10.25, or 3.07%. The stock has underperformed its sector by 2.34% today and has experienced a trend reversal, falling after two consecutive days of gains. The stock touched an intraday low of Rs 323.25, indicating a decline of 3.29%. Additionally, Laxmi Dental is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The delivery volume has also decreased significantly, falling by 43.36% against the 5-day average, which indicates a decline in investor participation. There is no information available regarding positive or negative factors impacting the stock.In the broader market context, Laxmi Dental's performance over the past week shows a decline of 4.40%, while the benchmark Sensex has increased by 1.18%. Over the past month, Laxmi Dental's stock has dropped by 17.95%, contrasting sharply with the Sensex's gain of 1.56%. This significant underperformance relative to the benchmark highlights the stock's struggles in the current market environment.
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