Why is Lokesh Mach. falling/rising?
As of 26-Sep, Lokesh Machines Ltd's stock price is Rs 191.50, down 2.99%, with a significant 47.88% decline over the past year and concerns over weak fundamentals. Despite recent volatility and a brief gain, investor interest appears to be waning, contributing to its negative outlook.
As of 26-Sep, Lokesh Machines Ltd is experiencing a decline in its stock price, currently at Rs 191.50, reflecting a decrease of Rs 5.9 or 2.99%. The stock has been underperforming, having lost 6.13% over the last three days and is trading below all key moving averages. Despite opening with a gain of 3.8% today and reaching an intraday high of Rs 204.9, it quickly fell to a low of Rs 188.85, indicating high volatility with an intraday fluctuation of 6.33%. The stock's performance over the past year shows a significant decline of 47.88%, with profits plummeting by 100.2%, which contributes to its negative sentiment among investors.In the broader market context, Lokesh Machines Ltd has underperformed compared to the Sensex, which has seen a slight decline of 2.66% over the past week while the stock itself has gained 7.10%. However, the company's weak long-term fundamentals, including a low Return on Capital Employed (ROCE) of 4.3 and a high Debt to EBITDA ratio of 3.18, raise concerns about its ability to sustain growth. The stock's liquidity remains adequate, but a significant drop in delivery volume by 51.84% against the 5-day average suggests waning investor interest, further exacerbating its downward trend.
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