Why is Lime Chemicals falling/rising?
As of 06-Oct, Lime Chemicals Ltd's stock price is Rs 14.30, down 13.33%, and has significantly underperformed against its sector and the Sensex. The stock is in a bearish trend, trading below all major moving averages, with a drastic decline in delivery volume and a year-to-date drop of 40.42%.
As of 06-Oct, Lime Chemicals Ltd is experiencing a decline in its stock price, currently at Rs 14.30, reflecting a decrease of Rs 2.2 or 13.33%. The stock has underperformed significantly today, with a performance that is 13.36% lower than its sector. It touched an intraday low of Rs 14.3 and has shown high volatility with an intraday volatility of 7.14%. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The delivery volume has also seen a drastic decline of 76.01% compared to the 5-day average, suggesting falling investor participation. Unfortunately, there is no information available regarding positive or negative factors that could further explain the stock's recent movement.In the broader market context, Lime Chemicals has significantly underperformed compared to the Sensex, with a 1-week return of -10.57% against the benchmark's gain of 1.77%. Over the past month, the stock has dropped by 10.62%, while the Sensex has increased by 1.34%. Year-to-date, Lime Chemicals has seen a staggering decline of 40.42%, contrasting sharply with the Sensex's positive return of 4.67%. This persistent underperformance relative to the benchmark highlights the challenges facing Lime Chemicals in the current market environment.
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