Why is Likhami Consult. falling/rising?
As of 08-Sep, Likhami Consulting Ltd's stock price is at 405.00, down 1.6%, with significant declines in delivery volume and underperformance compared to its sector. Despite a strong long-term performance, the stock is currently facing challenges and a lack of investor confidence.
As of 08-Sep, Likhami Consulting Ltd is experiencing a decline in its stock price, currently at 405.00, which reflects a decrease of 6.6 or 1.6%. The stock has underperformed its sector by 1.78% today, and it has shown erratic trading patterns, not trading on 3 out of the last 20 days. The stock has remained flat, opening and trading at the same price of 405. Additionally, the delivery volume has significantly decreased, falling by 89.32% against the 5-day average, indicating a drop in investor participation. Over the past week, the stock has decreased by 4.71%, while it has seen a substantial increase of 36.39% over the past month. However, year-to-date, it has declined by 54.09%, contrasting with a 138.52% increase over the past year.In the broader market context, the Sensex has shown a positive return of 0.53% over the past week, while Likhami Consulting Ltd has underperformed during the same period. The stock's performance today and its recent volatility suggest a lack of investor confidence, which is further reflected in the declining delivery volumes. Despite the stock's impressive long-term returns, including a 679.60% increase over the past five years, the current downward trend indicates challenges in maintaining momentum in the short term. The absence of positive factors in the dashboard further underscores the difficulties the stock is facing in the current market environment.
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