Why is Likhami Consult. falling/rising?
As of 04-Sep, Likhami Consulting Ltd's stock price is Rs 411.60, down 2.0% and underperforming its sector. Despite strong long-term returns, recent trading patterns and a significant drop in delivery volume indicate declining investor confidence.
As of 04-Sep, Likhami Consulting Ltd's stock price is currently at Rs 411.60, reflecting a decrease of Rs 8.4 or 2.0%. The stock has underperformed its sector by 1.64% today, opening with a loss of 2% and touching an intraday low of Rs 411.60. Additionally, the stock has shown erratic trading patterns, not trading on 2 out of the last 20 days. The delivery volume has significantly decreased, falling by 89.32% against the 5-day average, indicating a decline in investor participation. Over the past year, the stock has experienced a substantial decline of 53.34% year-to-date, despite a remarkable increase of 142.40% over the past year.In the broader market context, the Sensex has shown a positive return of 0.80% over the past week, contrasting with Likhami Consulting's decline of 3.15% during the same period. While the stock has performed well over the longer term, with returns of 201.54% over three years and 692.30% over five years, its recent performance indicates a troubling trend. The current liquidity of the stock is adequate for trading, but the significant drop in delivery volume suggests a lack of confidence among investors, contributing to its downward price movement.
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