Why is Likhami Consult. falling/rising?
As of 31-Jul, Likhami Consulting Ltd's stock price is Rs 296.95, down 2.0% and underperforming its sector. Despite a strong yearly gain of 96.66%, recent trends indicate negative momentum with a significant year-to-date decline of 66.34%.
As of 31-Jul, Likhami Consulting Ltd's stock price is currently at Rs 296.95, reflecting a decrease of Rs 6.05, or 2.0%. The stock has underperformed its sector by 1.4% today and opened with a loss of 2%. It has not traded on two days out of the last twenty, indicating erratic trading behavior. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Over the past week, the stock has declined by 4.16%, while it has shown a significant year-to-date decline of 66.34%. Despite a strong performance over the past year with a gain of 96.66%, the recent trends suggest a negative momentum.In the broader market context, the Sensex has decreased by 1.22% over the past week, indicating that Likhami Consulting's short-term performance is worse than the benchmark. However, the stock has outperformed the Sensex over the past month, gaining 5.68% compared to the benchmark's decline of 3.00%. The rising investor participation, as indicated by a 185.71% increase in delivery volume on July 28, suggests some interest in the stock despite its recent price drop. Overall, the combination of negative price movement, underperformance against the sector, and the broader market context contributes to the stock's current decline.
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