Why is Logica Infoway falling/rising?

Jul 04 2025 10:36 PM IST
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As of 04-Jul, Logica Infoway Ltd is priced at Rs 209.75, up 1.62%, but is trading below all major moving averages, indicating a bearish trend. The stock has underperformed significantly compared to the Sensex, with a 9.59% decline over the past week and a 4.64% drop year-to-date.
As of 04-Jul, Logica Infoway Ltd is currently priced at Rs 209.75, reflecting an increase of Rs 3.35 or 1.62%. The stock has shown erratic trading patterns, having not traded on one day out of the last 20 days. Today, it opened with a gain of 3.08% and reached an intraday high of Rs 212.75. However, it is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. Additionally, there has been a significant drop in investor participation, with delivery volume falling by 66.67% compared to the 5-day average. Unfortunately, there is no information available regarding positive or negative factors that could influence the stock's recent movement.

In the broader market context, Logica Infoway's performance over the past week has been notably poor, with a decline of 9.59%, while the benchmark Sensex has only decreased by 0.74%. Over the past month, the stock has also underperformed, falling by 9.34%, in contrast to the Sensex, which has gained 3.01%. Year-to-date, Logica Infoway is down 4.64%, while the Sensex has risen by 6.77%. This underperformance relative to the benchmark suggests that investor sentiment may be more favorable towards the broader market compared to Logica Infoway.
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